: BEARISH USDJPY 4 Hour: Consolidating in range;
Nov 6 2015: BEARISH USDJPY 4 Hour: Consolidating in range; Sell resistance; Buy support
(Analysis Based on 4 Hour chart)
Observations
1. For the past couple of weeks this pair has been trading in a range.
2. Price broke and close above channel top
3. Price at weekly SR zone
4. RSI overbought
5. RSI regular divergence
NOTE: Wait for price action to confirm the importance of these levels.
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(Analysis Based on 4 Hour chart)
Observations
1. For the past couple of weeks this pair has been trading in a range.
2. Price broke and close above channel top
3. Price at weekly SR zone
4. RSI overbought
5. RSI regular divergence
NOTE: Wait for price action to confirm the importance of these levels.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
