It is worth noting that Japan has been more aggressive in jawboning the Yen in the past week and results might start trickling in the coming week. However, from a technical standpoint, the multiple rejections of the 145.000 area in the last 7 days appear to be revealing the possibility of the selling opportunity getting ready to explode! I have been looking forward to this bias in the last couple of weeks and the breakdown of both the bullish trendline and key level at 142.500 identified on the daily timeframe this week might be the beginning of the reversal structure.
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Waiting for a significant signal to go either way
Good morning
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Bullish signal confirmed as price continues to respect the bullish trendline
Good morning
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Moving stop loss to lock in some profit as the possibility of bearish momentum is still very likely.
Good morning
Сделка закрыта: достигнута тейк-профит цена
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140pips profit
Is the market structure transposing into a selling momentum after the interest rate decision and FOMC?
Stay tuned in for updates as price action is been monitored
Сделка активна
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The final breakdown of the temporary bullish trendline identified in the video might be a signal of the bearish momentum I have been expecting. Let's see if the current structure will evolve into a second chance to join the potential decline.