USDJPY - Consolidation after Uptrend expected

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Hi Traders!

Here is our analysis:
  • Price is in Strong Uptrend
  • Made one Top then came lower
  • Equal Lows --> First Sign of Bullish Weakness --> Bullish "Shock"
  • As a reaction --> BBs closing their positions --> Consolidation expected
  • If Breakout --> Down-Movement until next Support expected



If you have any questions, another Point of View or anything else to share, don't hesitate to comment!



Thanks and successful Trading :-)!


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Feragatname

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