VERY SPECULATIVE : USD/JPY is showing some OSMA bearish divergence into a new high within the current rally.
The targets are based on a potential pattern that could be forming right now ( M pattern) and the stops are based on some old highs.
This is an incomplete setup and things may change over time invalidating the current view.
I would also like to point out that the potential pattern fits within the divergence.
The targets are based on a potential pattern that could be forming right now ( M pattern) and the stops are based on some old highs.
This is an incomplete setup and things may change over time invalidating the current view.
I would also like to point out that the potential pattern fits within the divergence.