As you can see on the USD JPY Daily chart , the market broke the bullish trend line (look at the big red candle mentioned on the chart), and pulled back to test the bullish trend line ( look at how the market rejected prices after the pullback).
We also noticed that there is a nice double top pattern that was formed at the end of the bullish trend which indicates the end of this bullish trend and the probable beginning of a new downtrend.
The best entry should be after the breakout of the range and the profit target is at the level I mentioned on chart , we enter if the breakout happens , if not we ignore it .
What do you think about my analysis ? I need more comments, and like from you guys
We also noticed that there is a nice double top pattern that was formed at the end of the bullish trend which indicates the end of this bullish trend and the probable beginning of a new downtrend.
The best entry should be after the breakout of the range and the profit target is at the level I mentioned on chart , we enter if the breakout happens , if not we ignore it .
What do you think about my analysis ? I need more comments, and like from you guys
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.