I will believe that USDJPY will reverse only when I see it.
Wait for PMO indicator cross down. Use price cross down of Hull Moving Average as confirmation.
USDJPY reached resistance of ascending diagonal. Indicators are turning bearish.
Potential three-bar play on H10. Set buy stop at resistance.
CHFJPY showing a possible bearish wavetrend signal on weekly.
Got stopped out on this one and just letting go of some frustration. However, one cannot discount this forecast happening.
So the rules are: 1. EMA 9 crosses up HULL 50 after a long impulse down 2. Price breaks out 3. Move is accompanied by OBV above zero line Let's see if this works.
- Basic support turned resistance level - Head and shoulders pattern
Price shows bearishness on H4.
Stop hunting by big banks. Downmove expected after manipulation is completed.
So the theory is that the depth of the cup should be equal to the target increase in price.
- Price approaching upper limit of ascending channel and is also at a strong resistance level. - Fundamentally UK growth prospects upgraded by a percentage point due to reduction in risk of no deal departure - This will be balanced by the massive infrastructure spending NZ announced yesterday.
and will not fall anytime soon. Trade what you see and not what you think will happen.