Setup USDJPY
USDJPY, give Quasimodo setup.
It forms H at 114.885 and L at 113.687 followed by HH at 115.520. from the HH the price fall to 113.003 where the compression begins towards downward.
Expectations: the price will continue making LL but it will come to retest the previous high at 114.885.
This point is also aligned with 0.78 fib level which I consider as optimal level as well as the discount in pricing.
It forms H at 114.885 and L at 113.687 followed by HH at 115.520. from the HH the price fall to 113.003 where the compression begins towards downward.
Expectations: the price will continue making LL but it will come to retest the previous high at 114.885.
This point is also aligned with 0.78 fib level which I consider as optimal level as well as the discount in pricing.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.