Top And Bottom Analysis "USD/JPY" by ThinkingAntsOk
4H CHART EXPLANATION:
a)Price has broken the ascending triangle trendline
b)Currently the price is inside a Flag pattern Formation ( this type of patterns are consider continuation structures)
c)The Flag pattern is supported by a major support zone
Based on this, if the price breaks down below 108.000, we expect a continuation of the bearish movement, towards 106.600
MULTI TIMEFRAME VISION:
-Daily:
-Weekly
a)Price has broken the ascending triangle trendline
b)Currently the price is inside a Flag pattern Formation ( this type of patterns are consider continuation structures)
c)The Flag pattern is supported by a major support zone
Based on this, if the price breaks down below 108.000, we expect a continuation of the bearish movement, towards 106.600
MULTI TIMEFRAME VISION:
-Daily:
-Weekly