USDJPY Descending Channel Pattern
USDJPY in 4 Hrs Following Descending Channel Pattern, Right now it is on there Resistance Level which showing weakness in bull More chances to Market Go Down Side till Support level.
Descending Channel Pattern is a short-term bearish continuation pattern, whereby the price movement is contained within two parallel descending trend lines and the price is moving lower while bouncing off upper and lower down-trending lines. Descending Channel pattern is also known as “Bearish Price Channel”.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
Descending Channel Pattern is a short-term bearish continuation pattern, whereby the price movement is contained within two parallel descending trend lines and the price is moving lower while bouncing off upper and lower down-trending lines. Descending Channel pattern is also known as “Bearish Price Channel”.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Share Our Chart on All Social Media.
Thanks
Adil Khan
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