USDJPY- 1H - abcd pattern within a CD leg of a larger ABCD
In an earlier idea analysis of daily timeframe, I have developed a bearish bias on USDJPY.
Now looking on a lower timeframe - 1H - I see a sort of bearflag formation wich could be also interpruted as a smaller (fractal) abcd pattern within a larger ABCD's CD leg.
This just reenforces my bias to the downside and I am waiting for the market to give me further information - supportive or contrarty to current bias - so that I can plan my next move.
Identified a couple of Price Reversal Zones highlighted in yellow box. These are just above a higher (daily) timeframe's possible PRZs.
Now looking on a lower timeframe - 1H - I see a sort of bearflag formation wich could be also interpruted as a smaller (fractal) abcd pattern within a larger ABCD's CD leg.
This just reenforces my bias to the downside and I am waiting for the market to give me further information - supportive or contrarty to current bias - so that I can plan my next move.
Identified a couple of Price Reversal Zones highlighted in yellow box. These are just above a higher (daily) timeframe's possible PRZs.
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.
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.