USD/JPY Market Formation

20 thg 4, 2019

The price created the same scenario which happened 2 months ago. The red line represent the market formation structure and the second line is cloned from the first line. Both are identical. Also the structure is connecting and reforming again. The previous support line became resist level on the previous trend. This all indicates that the price will create the same structure ( upward movement ) to the major resist level.
Good luck traders, hope you have a great trading week.
Please let me know your opinion about this !!