- We've seen USD/JPY uptrending for what will be the fifth (5) consecutive Weekly Green Candelstick prints. Some cool of may occurr in terms of price action, further due for correction ? Lots of Higher Highs levels as Support from below
Looking from the left, a Weekly Supply Zone can be spotted ; (you can refer it as a *W OB). As well coinciding with the fact of approaching Resistance Trendline of Ascending Channel Pattern (a.k.a Bearish Flag).
Short-Bearish case Opportunities are on its way for USD/JPY. Bullish case would be the breakout of pattern through above average volume and the Supply Zone being broken. This would invalidate the Short Opportunities idea for USD/JPY
Until the next one; TRADE SAFE
*** NOTE that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before even considering partaking on any Trading Acitivity based solely on this Idea.
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