I spotted a lot of bearish confirmations on 📉USDJPY on a 4H time frame:
A significant head and shoulders pattern was formed, and its neckline is broken.
As the right shoulder formed, a distinct horizontal trading range emerged, which also saw support being violated.
The neckline serves as an important horizontal support, and the market has broken through all of these levels.
We can expect further declines, with the next support level at 143.
A significant head and shoulders pattern was formed, and its neckline is broken.
As the right shoulder formed, a distinct horizontal trading range emerged, which also saw support being violated.
The neckline serves as an important horizontal support, and the market has broken through all of these levels.
We can expect further declines, with the next support level at 143.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.