USDJPY Analysis
Zaktualizowano
Monthly
In Correction Market conditions
Attempting to create 2nd swing level for a bullish flag/ double top
Weekly
Broken monthly 61.8 fib level
Just broke 118.619 level (with momentum candle)
Daily
Ascending triangle broken @ top line
Possible correction about to begin
4HR
Not Enough Info
1HR
Ascending wedge formed
Notes:
Not Enough Info
A possible daily correction is about to begin, meaning price might range in a chart pattern style, for bullish conditions, i need a descending pattern to form on a larger timeframe, which looks like it will happen based on the 1hr ascending pattern, before further analysis, i need the 1hr ascending pattern to change or break, i will then need more info on the 4hr before timing an entry on the 1hr.
Overall, everything seems bullish to the monthly OB zone or 78.6 monthly fib level, before consolidation for a nice downtrend.
In Correction Market conditions
Attempting to create 2nd swing level for a bullish flag/ double top
Weekly
Broken monthly 61.8 fib level
Just broke 118.619 level (with momentum candle)
Daily
Ascending triangle broken @ top line
Possible correction about to begin
4HR
Not Enough Info
1HR
Ascending wedge formed
Notes:
Not Enough Info
A possible daily correction is about to begin, meaning price might range in a chart pattern style, for bullish conditions, i need a descending pattern to form on a larger timeframe, which looks like it will happen based on the 1hr ascending pattern, before further analysis, i need the 1hr ascending pattern to change or break, i will then need more info on the 4hr before timing an entry on the 1hr.
Overall, everything seems bullish to the monthly OB zone or 78.6 monthly fib level, before consolidation for a nice downtrend.
Uwaga
price is showing weakness to the upside, looks like a dip might happen, still not enough info to go with
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