USDJPY's Stop and Reverse Setup...
Analysis
-USDJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close.
-The price action resulted in a pinbar setup at support which is a bullish sign.
-On the 1H time frame, price looking to break the trendline to the upside.
-There is also strong bullish MACD divergence on the 1H time frame following a double bottom pattern which further eludes to price possibly moving higher in the coming days.
-The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels)
*Trade safe and at your own discretion!*
-USDJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close.
-The price action resulted in a pinbar setup at support which is a bullish sign.
-On the 1H time frame, price looking to break the trendline to the upside.
-There is also strong bullish MACD divergence on the 1H time frame following a double bottom pattern which further eludes to price possibly moving higher in the coming days.
-The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels)
*Trade safe and at your own discretion!*
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.
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.