USDJPY - Pattern + DIV - Possible Long on a retest for a type 2
I would be looking at a type 2 retest here, point B right now is likely to hit and would link up with Bearish Trend Line
Obviously a break of this TL would another buy opportunity and confirm a longer TP.
Divergence was a perfect Oversold to retest bounce of the 30 RSI - strong signal - however B point may and TL is resistance here.
If the rest happens with RSI following trade, that would be a good signal
Look at price action in the area if retested
I would be looking at a type 2 retest here, point B right now is likely to hit and would link up with Bearish Trend Line
Obviously a break of this TL would another buy opportunity and confirm a longer TP.
Divergence was a perfect Oversold to retest bounce of the 30 RSI - strong signal - however B point may and TL is resistance here.
If the rest happens with RSI following trade, that would be a good signal
Look at price action in the area if retested
Note
Also notice the triangle would form complete at a double bottomTrade closed: target reached
No retest but as mentioned a breakout of TL was another buy opportunity.Trade target now hit and closed at previous resistance C point
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.
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.