I see the price is actually bearish, so I'm short on this pair.
im long on usdjpy from 101.800 levels target around 106 levels. i think UJ us about to make a true reversal. we will see how this plays out as the pair has been bearish for so long now!
its still in a channel i am selling and exiting towards the lower end of the channel
Hello Traders, I hope you have been having a good weekend. This week, we spotted a potential Bat pattern on the 1hr time frame which has complete. On the 4hr we also have a potential Cypher Pattern that completes if price can pull down towards 0.7255. We would be looking for target 1 @ 0.7404 and target 2 @ 0.7496. Feel free to follow, like, comment and share !
on the 4H chart the long term resistance line has just been touched. this has been followed by a nice engulfing candle setup. the recent uptrend support line has also been broken. the 1H chart also shows what looks to me like a head and shoulders setup. all of this is telling me that i believe it will go short.