On EUR/JPY H4 chart formed a huge pin-bar candle. It showed up after unsuccessful try to break above the previous high. It ended with strong retracement. We may observe a fake violation of the resistance zone now or something that traders seldom call 2B formation.
Regardless of the naming, these formations forecasts declines. In our opinion, they may only be corrective ones – after a huge growth wave from the previous week.
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