USDJPY has undergone retracement since the first bearish wave which broke below a rising trendline.
The price has just completed an ABCD pattern as it found resistance within a supply zone (based on the breakout area).
This is a great combination of a reversal, and clear trend formed and a perfect retracement pattern to execute a trade.
The price has just completed an ABCD pattern as it found resistance within a supply zone (based on the breakout area).
This is a great combination of a reversal, and clear trend formed and a perfect retracement pattern to execute a trade.