Top and Bottom Analysis on USDJPY by ThinkingAntsOk
Use this as an idea to develop your own setup
Main items we see on the 4hs Chart:
a)Price is against the daily descending channel, we should see if the price finds resistance there or if it's able to surpass it
b)If the price Re-enter the zone, we will expect a corrective structure, this will be a good entry for short setups
c)If the bearish movement returns, we expect a continuation towards 105.170
d)Take a look to the Bullish Scenario on the Weekly chart below this text
Weekly Vision:
Daily Vision:
Main items we see on the 4hs Chart:
a)Price is against the daily descending channel, we should see if the price finds resistance there or if it's able to surpass it
b)If the price Re-enter the zone, we will expect a corrective structure, this will be a good entry for short setups
c)If the bearish movement returns, we expect a continuation towards 105.170
d)Take a look to the Bullish Scenario on the Weekly chart below this text
Weekly Vision:
Daily Vision: