GOLD vs USD/JPY: following some correlations
Updated
Hi Guys,
here is the link to the move made USD/JPY in the same period.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
here is the link to the move made USD/JPY in the same period.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
This is also something to watch carefully. This inverse HS formation is acting as strong support.
Note
To try to put things into perspective, the above inverse HS is the bottom of the horizontal channel below B of my 4h chartNote
Following the release of US datas that strenghten the US dollar, USD/JPY confirmed support on the above HS formation and drove up towards the area indicated by the green and red arrows. This area is just below B. TR inside the horizontal channel made by the two horizontal lines in black bold. I've added the BB200 and noted that middle MA is coming down on price. Note
Let's add the same BB to Gold:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.