This could be an ending diagonal structure, signalling a reversal is to come.
At the moment we see a familiar corrective structure forming that indicates continuation of the trend up, but as we saw last week on EURJPY and CHFJPY setups, it can also be used for reversal.
Trade with care use a stop loss.
At the moment we see a familiar corrective structure forming that indicates continuation of the trend up, but as we saw last week on EURJPY and CHFJPY setups, it can also be used for reversal.
Trade with care use a stop loss.