I have a bearish outlook on USDJPY.
I am expecting price to make one last bullish attempt, before finally dropping as expected.
I think the another minor push to the upside will create a double top or complete the head of the possible head and shoulders formation, from that point on i will be looking for a bearish candlestick to enter a sell.
I believe that price is overextended. Initially price was making both higher highs and higher lows, but price just took off. I believe now price is exhausted on the bullish push and will now make a retracement.
Like if you agree, or if you see something else feel free to comment!
I am expecting price to make one last bullish attempt, before finally dropping as expected.
I think the another minor push to the upside will create a double top or complete the head of the possible head and shoulders formation, from that point on i will be looking for a bearish candlestick to enter a sell.
I believe that price is overextended. Initially price was making both higher highs and higher lows, but price just took off. I believe now price is exhausted on the bullish push and will now make a retracement.
Like if you agree, or if you see something else feel free to comment!