Ascending Triangle on USDJPY possible short term long
We are forming an ascending triangle on this pair.
While we have made 2 touches to the bottom, completing the market structure pattern, it looks to me as if we could attempt the trendline again, which goes hand in hand with the possibility of a small bullish push from XAUUSD. as these pairs are correlated, when one goes up, the other goes down.
We are also currently at a strong Key Weekly Level so we may see some manipulation around this area into the region of 112.30 or so before falling down.
Also I see an inverted H&S pattern.
I see 2 scenarios. 1- we attempt the ascending trendline of the ascending triangle, or we infact brake this and make a 3rd attempt at the Second ascending trendline seen below.
While we have made 2 touches to the bottom, completing the market structure pattern, it looks to me as if we could attempt the trendline again, which goes hand in hand with the possibility of a small bullish push from XAUUSD. as these pairs are correlated, when one goes up, the other goes down.
We are also currently at a strong Key Weekly Level so we may see some manipulation around this area into the region of 112.30 or so before falling down.
Also I see an inverted H&S pattern.
I see 2 scenarios. 1- we attempt the ascending trendline of the ascending triangle, or we infact brake this and make a 3rd attempt at the Second ascending trendline seen below.
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.