Hello everyone
Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good.
an interesting pattern now is forming in the right shoulder of this pattern - after a impulsed movement we are compressed in a triangle. Consider the formation of the impulse - correction-impulse.
I like this weekly chart most of all and the whole picture has been drawn for 22 years, because technical analysis works better on large time frames.
I will not analyze fundamental analysis, I will not analyze the Japanese economy and make predictions on it.
But just such a picture as I showed, I expect the next few years
Best regards EXCAVO
Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good.
an interesting pattern now is forming in the right shoulder of this pattern - after a impulsed movement we are compressed in a triangle. Consider the formation of the impulse - correction-impulse.
I like this weekly chart most of all and the whole picture has been drawn for 22 years, because technical analysis works better on large time frames.
I will not analyze fundamental analysis, I will not analyze the Japanese economy and make predictions on it.
But just such a picture as I showed, I expect the next few years
Best regards EXCAVO
Note
break out 110Note
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Register on these two exchanges
Send me confirmation and get VIP group for 3+ months
partner.bybit.com/b/excavo
whitebit.com/a/excavo
All info
excavo.carrd.co/
t.me/EXCAVOACADEMY
t.me/excavochannel
Send me confirmation and get VIP group for 3+ months
partner.bybit.com/b/excavo
whitebit.com/a/excavo
All info
excavo.carrd.co/
t.me/EXCAVOACADEMY
t.me/excavochannel
Related publications
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.