U.S. Dollar / Japanese YenUpdated USD/JPY outlook
I love to scalp the market, but outlook on big time frames helps to see where price expected to do, especially after important areas one can get better confidence in trades.
1) We have forming butterfly pattern
2) Major trend line testing for 3rd time (like to brake it on 3rd touches)
3) RSI is overbought but still have room to stay that way to complete the pattern and go for the bounce of trend line.
Watching the price for more clues and scalping around this major outlook.
1) We have forming butterfly pattern
2) Major trend line testing for 3rd time (like to brake it on 3rd touches)
3) RSI is overbought but still have room to stay that way to complete the pattern and go for the bounce of trend line.
Watching the price for more clues and scalping around this major outlook.
Note
Brake did happen, now need to see if it's confirmedNote
Going nice and might hit completion of Butterfly even soon than expected.Note
some nice long trades around this, mostly brake outs (one still in progress)Note
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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.