Dollar yen is in an uptrend on daily charts - but has formed a doji star reversal at 114.5, major weekly resistance
Scenario A) Bearish weekly pattern dominates and a rebound stalls at 113.5 to target 122.2
Scenario B) Uptrend dominates, 113.5 break leads to break above 114.5
Scenario A) Bearish weekly pattern dominates and a rebound stalls at 113.5 to target 122.2
Scenario B) Uptrend dominates, 113.5 break leads to break above 114.5
Trade closed: target reached
Scenario A hit 112.2 target
Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.
Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.