0211 USDJPY top bear bowl is still there

Remember this?

USDJPY has made it best try to move north, but it only make it back to test the middle line of the channel.
And it looks wear after hitting that middle line.
This is what we expected in the idea above.
We can follow the small blue channel as its first wave down. But just be careful that price could bounce up again by hitting the red channel.

Less is more!

ความคิดเห็น:

I think USDJPY wont go down with that small blue channel now.
Lets see how it goes on 4h chart later.