USDJPY- 1H - abcd pattern within a CD leg of a larger ABCD
In an earlier idea analysis of daily timeframe, I have developed a bearish bias on USDJPY.
Now looking on a lower timeframe - 1H - I see a sort of bearflag formation wich could be also interpruted as a smaller (fractal) abcd pattern within a larger ABCD's CD leg.
This just reenforces my bias to the downside and I am waiting for the market to give me further information - supportive or contrarty to current bias - so that I can plan my next move.
Identified a couple of Price Reversal Zones highlighted in yellow box. These are just above a higher (daily) timeframe's possible PRZs.
Now looking on a lower timeframe - 1H - I see a sort of bearflag formation wich could be also interpruted as a smaller (fractal) abcd pattern within a larger ABCD's CD leg.
This just reenforces my bias to the downside and I am waiting for the market to give me further information - supportive or contrarty to current bias - so that I can plan my next move.
Identified a couple of Price Reversal Zones highlighted in yellow box. These are just above a higher (daily) timeframe's possible PRZs.
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