USD/JPY-Daily Analysis
Hello everyone!
-On a daily chart, we can see that the price tested and rejected the support area, and then the price formed bullish engulfing which is a very good signal to buy,...
-The price formed a triangle pattern so you can wait for a breakout to appear.
-We can also see that the Stochastic indicator is in an oversold area so we may expect a pullback in a bullish direction.
-Before entering a trade please check fundamental news and currency strength meter to get some more confirmations!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
-On a daily chart, we can see that the price tested and rejected the support area, and then the price formed bullish engulfing which is a very good signal to buy,...
-The price formed a triangle pattern so you can wait for a breakout to appear.
-We can also see that the Stochastic indicator is in an oversold area so we may expect a pullback in a bullish direction.
-Before entering a trade please check fundamental news and currency strength meter to get some more confirmations!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.