hello everyone jpy is a kind of monster this days but it seems we are facing with at least retracement or revers because of RSi and moving average and some indicators actually there is a head and shoulder pattern in h4 time frame that target is 40pip lower but its again logical to wait for our theory that this channel is correct or not if price made a new low in this channel then start to go up we can count on channel as well but dont forget to manage your money in this risky trades i thought its a good time to wait for more confirmations
our major trend is bullish here and we expect retracement to 61.8 % fibonacci level if price passed 78% we have Sl there actually its better to wait and wait and wait Trade is risky and only patients can survive
if price passed this channel its great time to go short because this is last channel bullish in this pair that exists
Not
another confirmation for the key price
Not
in weekly we have an bullish channel that recently touched bottom of channel
Not
something that reject my idea about bullish market
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