usdjpy momentum and pitchfork analysis
if price break the channel i will go long
we can see divergence between price and momentum (MACD ) & decrease volatility (ATR) on the Andrews pitchfork quarter line
we can see divergence between price and momentum (MACD ) & decrease volatility (ATR) on the Andrews pitchfork quarter line
Note
price is retesting the support trend line still valid but if price break the support going long is too risky
divergence maybe help support line to hold
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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.