RLinda

USDJPY → Forming a pattern capable of dropping the price

Penjualan
RLinda Diupdate   
FX:USDJPY   Dollar A.S. / Yen Jepang
The USDJPY at the end of March tried to break the downtrend and it partly succeeded. But as we can see, a set-up is forming, which might provoke the continuation of the fall. What's next?


On the chart we see the formation of a bullish wedge, the essence of which is shown in the structural chart. After the downward movement, a consolidation in the form of an ascending wedge is formed.
Within this range, there is an energy gathering for a move in one direction or the other. Since we have preconditions to the wedge, we will consider trading within the range with the subsequent break of support and price fall as a priority.

Strong resistance: 133.87 (false break-down), 135.00.
Strong support: range support, level 132.300 (breakdown strategy)

I expect consolidation continuation within the specified range, followed by fall after the support is broken down. Target is 130.00.

Regards R. Linda!
Trade aktif
Trade aktif

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.