SInce Q1 2020 we saw USDJPY not giving us a clear trend as we can see on the monthly time frame for the last 4 months its closed with indecision. but if we draw a ascending tl from June 2013 low to the current trading price and then draw a descending tl from June 2015 high to the current trading price, only then we can see the price squeezing as it reach the corner end of the triangle. i will look for the breakout either direction before placing any trade.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!