USD/JPY: watch this candelstick
Updated
Hi Guys,
this candlestick was made at 16:00 whilst GOLD made a similar move (but inverse) at 14:00.
Gold attacked and crossed the bold horizontal line at 14:00 when USD/JPY was still well below its bold horizontal line @108.277.
These are signals provided by inverse correlations. Sometime they work, sometime they don't. It depends on the interpretation given by each one of us. They can be useful and can be found in a lot of markets that are correlated.
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. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
this candlestick was made at 16:00 whilst GOLD made a similar move (but inverse) at 14:00.
Gold attacked and crossed the bold horizontal line at 14:00 when USD/JPY was still well below its bold horizontal line @108.277.
These are signals provided by inverse correlations. Sometime they work, sometime they don't. It depends on the interpretation given by each one of us. They can be useful and can be found in a lot of markets that are correlated.
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. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
Note
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