USDJPY - Indications For End Of Uptrend
Here is the summary of the indications:
----------
Hi Traders!
The setup of this idea starts with the fact, that the market was in an Uptrend for a very long time.
Now it has reached the weekly Resistance, where it starts to consolidate now.
After this, the price broke out of the H4-Trendline.
It even made a Lower High and a Lower Low.
Also, the MACD Oscillator shows a medium Divergence.
Now, they're these possibilities:
- Either it starts a further Range
- Or it starts a Downtrend / descending Channel
What do you think about USDJPY? Feel free to post your idea here!
Thanks and successful Trading :-)!
- Weekly Resistance
- Start of Consolidation
- LH & LL in former Uptrend
- Trendline Break
- MACD Divergence
Future Possibilities: - Range
- Downtrend
- descending Channel
----------
Hi Traders!
The setup of this idea starts with the fact, that the market was in an Uptrend for a very long time.
Now it has reached the weekly Resistance, where it starts to consolidate now.
After this, the price broke out of the H4-Trendline.
It even made a Lower High and a Lower Low.
Also, the MACD Oscillator shows a medium Divergence.
Now, they're these possibilities:
- Either it starts a further Range
- Or it starts a Downtrend / descending Channel
What do you think about USDJPY? Feel free to post your idea here!
Thanks and successful Trading :-)!
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.