USD/JPY Moving Average (30,50,100)
So, my rules on this trade are based on 3 moving averages, 30,50,100, apllied to close, lets watch the trend, she is your friend, let's catch it.
As we can see on the rectangle defined on the graphic, the pair has two bottoms, and two tops, that make a good defined channel, I could see there too, that the buyers are strong( look to the candles, are well defined), and by the rules aplied on the moving average, the pair seems to maintain a good resistence level between 30, and 50 moving average line. We could see a doji too. All the details talked before, seems to be a good sign to me, that the trend will continue bullish.
As we can see on the rectangle defined on the graphic, the pair has two bottoms, and two tops, that make a good defined channel, I could see there too, that the buyers are strong( look to the candles, are well defined), and by the rules aplied on the moving average, the pair seems to maintain a good resistence level between 30, and 50 moving average line. We could see a doji too. All the details talked before, seems to be a good sign to me, that the trend will continue bullish.
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