"Top and Bottom Analysis" USD/JPY by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price has broken the ascending trendline.
-Currently, price is inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.
Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline, after that if price makes a new corrective structure on that area we will look for a 2nd downward movement towards 105.300
MULTI TIMEFRAME VISION:
- Weekly:
-Daily:
Main Items we Observe on the Chart:
-Price has broken the ascending trendline.
-Currently, price is inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.
Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline, after that if price makes a new corrective structure on that area we will look for a 2nd downward movement towards 105.300
MULTI TIMEFRAME VISION:
- Weekly:
-Daily: