Hey tradomaniacs,
The JPY-BASKET is currently testing a strong resistance-zone after the breakout of a triangle 👉
So far sellers are taking some action and try to defend their zone which could lead to a pullback back down to the 61,8% fib-level.
A little bit suspicious is that a tringale usually contains 4 Waves, from A-D. Since a triangle is always a 50/50-Game due to the obviousness of retail-positioning which are waiting for breakouts, I expect price to move down as this could be a fakeout.
If this is the case and the US-DOLLAR keeps falling, we might get a great chance to catch dips at GBP/JPY and EUR/JPY.
Watch it carefully if you trade JPY-Pairs❗️😊
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
The JPY-BASKET is currently testing a strong resistance-zone after the breakout of a triangle 👉
So far sellers are taking some action and try to defend their zone which could lead to a pullback back down to the 61,8% fib-level.
A little bit suspicious is that a tringale usually contains 4 Waves, from A-D. Since a triangle is always a 50/50-Game due to the obviousness of retail-positioning which are waiting for breakouts, I expect price to move down as this could be a fakeout.
If this is the case and the US-DOLLAR keeps falling, we might get a great chance to catch dips at GBP/JPY and EUR/JPY.
Watch it carefully if you trade JPY-Pairs❗️😊
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
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.