USDJPY currently running in Rising wedge. there is still Possibility of temporary retracement. Sellers need to wait for rejection and confirmation price action candlestick for confirmed entry.
Best of Luck
This trading week was crazy. EURUSD was consolidating within a very narrow trading range
and we saw a lot of false bullish / bearish breakouts.
Market maker was playing with our expectations constantly changing our biases.
For now the price is still trading below a major daily supply cluster.
And even though...
The blue path is just and idea of what could happen in the upcoming days, this is a bullish scenario believe it or not as we end up going to 3000+..
However if be don't bounce from the spring then we might have a bear market on our hands.
Not financial advice, just an idea
first of all, we are in a BULLISH TREND until now so for a now we aren't worried because for some reasons :
As you consider,
1: We don't have any lower and low candles (below 30k)
2: As you see it had a great rising wedge and we know after most of the rising wedge pattern it has to continue its previous bullish trend after a correction ( we are in a correction of...