USDJPY retest the support line, will it be support ?? no idea...
longterm trend is downtrend.
stochastic and MA, both indicator is negative. now testing the support , let wait the sign to long for shortterm,
while the all rebound over, we find the spot to short again.
the very 1st candle fail to challenge the peak and the resistance, going fall back to retest the support line.
23/3/2018
MOVING AVERAGE 5N8 MA DEAD CROSS.
RED CANDLE ON RESISTANCE LINE.
this is very 1st month red candle, and STOCHASTIC (please use yourself test with stochastic)
0.8760 still the good price to short .
Any long or buy trade will be very risky.
follow the trend.
the idea i want to share is the double bollinger band monthly chart, the tunnel is oversize.
the band is too wide, the price will be up and down within the bollinger band and after few years, then band will be narrow,
and then up or down big trend will happen.
so now , short term (DAY CHART) remains long. but longterm monthly chart, short will be the correct way...
