USDJPY Short
Trend Analysys
Chart patern
2024-08-12T01:05:54+00:00
Trading Idea:
The chart indicates a strong downtrend with minimal signs of reversal. The price has encountered our Quarterly Pivot (QP) for the third time and is forming a bearish flag pattern. Currently, the price is situated at a former resistance level, suggesting a likely shorting opportunity to the next Quarterly Pivot (QP).
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