USDJPY-Weekly Market Analysis-Mar22,Wk2

On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the TradingView post)

There is a possibility to earn the 103pips movement by reversing the trade. I will wait for a double bottom with RSI Divergence on the 1-hourly chart before engaging the trade.

Any idea why that is important?
Comment down below.