On this daily chart of USDJPY. the price tried to break and did false breakout of the of the horizantal level.
In the past the horizantal level had been broke and the movement kept going, but this time the movement is consolidating.
+there is 2 big bullish engulfing candles showing signals to go long. then the next 3 bearish candles are slow moving.
Price action shows to go long and smaller time frame has already started going higher.
I will add 1H chart to support this analysis
In the past the horizantal level had been broke and the movement kept going, but this time the movement is consolidating.
+there is 2 big bullish engulfing candles showing signals to go long. then the next 3 bearish candles are slow moving.
Price action shows to go long and smaller time frame has already started going higher.
I will add 1H chart to support this analysis
