USDJPY// Break & Retest
Price broke out of the channel and formed a harmonic Bat Pattern which signaled a reversal back towards the trendline.
The nose of all harmonics represent an area of strong support or resistance, and in this case it will be serving as support.
Also in this area is the trend line which price just broke through, about to retest.
There are fundamental factors at play this week that may have an effect on price.
The nose of all harmonics represent an area of strong support or resistance, and in this case it will be serving as support.
Also in this area is the trend line which price just broke through, about to retest.
There are fundamental factors at play this week that may have an effect on price.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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