We follow the trend and get our entry trigger thanks to the double top
USDJPY has beign bullish for the past 2 weeks , but currently, price has reach a major psychological level of RESISTANCE in the weekly time frame. So, a zoom into smaller time frames gives us good entries . Have a look over the video where all my trading conditions and details are well elaborated.
Finally the sellers may take advantage of this market. Kindly watch the video for all the details on my analysis.
This pair worths to be monitored over the hours of today , cause the next move it gonna make would be decisional and early entries can give you much pips. For now , we are ust monitoring the trade and updates would be coming later
Price begins a downwards rally move and RSI indicator gives us a divergence confirmation . The trigger entry here is the crossing on the MA on the ichimoku cloud and a rising out of the price on the BB width 200
simple price action seen . Breakage of the recent low and expecting a further rally downwards on this pair with the ichimoku cloud and moving average holding the price all along , long term
EURJPY has beign rallying upward the whole of last weak .We might see this rally race stop and the sellers taking advantage of the market here , indicated by a double top chart pattern + a strong RSI divergence in a considerable over bought area + an overbought signal on the Bollinger bands width 200. Feel free to comment.