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Tricky Times, I'm Counter-Trend Now! 
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Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
... more[ Tricky Times, I'm Counter-Trend Now! ]
Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move.
If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering.
On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity.
⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Live chart:
https://www.tradingview.com/chart/USDJPY/h1HfLCbj-Tricky-Times-I-m-Counter-Trend-Now/ />
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#USDJPY #headandshoulders #keysupport #outsidebar #countertrend #candlestickpattern #candlestickanalysis #sellzone #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #DollarBias #CounterTrendTrading #JanetYellenSpeech #TradingInsights #MarketAnalysis #TradeWisely less
https://vimeo.com/847015169
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