Textbook distribution playing out here with JP225USD.
Price is being rejected form a daily resistance as we see bull pressure fading towards the latter stages of this range.
At time of writing P&F count is currently 1050 giving us a lower target of 22000. heavy rejection on the H1 TF has further increased the probability that bears are in control here.
Maybe a Monday morning sell off in Asia will see this play out. Bear in mind we have not reached phase D. I will re-count and update here as this unfolds.
Price is being rejected form a daily resistance as we see bull pressure fading towards the latter stages of this range.
At time of writing P&F count is currently 1050 giving us a lower target of 22000. heavy rejection on the H1 TF has further increased the probability that bears are in control here.
Maybe a Monday morning sell off in Asia will see this play out. Bear in mind we have not reached phase D. I will re-count and update here as this unfolds.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.