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USDJPY has lots of interesting trading opportunities. Start off with the 1st zone of the staircase formation.
In the Green Zone(1st Zone) you can wait for shorting opportunity at the top of the box and buying opportunity at the bottom of the box.
The... moreUSDJPY has lots of interesting trading opportunities. Start off with the 1st zone of the staircase formation.
In the Green Zone(1st Zone) you can wait for shorting opportunity at the top of the box and buying opportunity at the bottom of the box.
The second chance to engage the trade is when the market retests the trendline but fails to break and closes below it.
The third chance entry for trend traders would be the Bullish Shark Pattern setup that completes at 124.30.
Which setup do you prefer?
Comment down below and tell us why.
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Live chart:
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#USDJPY #countertrend #doubletop #rsidivergence #ab=cdpattern less
USDJPY has lots of interesting trading opportunities. Start off with the 1st zone of the staircase formation.
In the Green Zone(1st Zone) you can wait for shorting opportunity at the top of the box and buying opportunity at the bottom of the box.
The sec
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As early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution.
At 131.57, USDJPY will have an AB=CD completion, it is... moreAs early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution.
At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion.
Conservative traders could wait for a Double Top with RSI Divergence at the level. Trend Traders could wait for the Bullish Shark Pattern at the 4-hourly chart.
Redeem your free training now:
https://courses.forex100academy.com/ />
Live chart:
https://www.tradingview.com/chart/USDJPY/csbcVKFB-USDJPY-Weekly-Market-Analysis-May22-Wk1/ />
#USDJPY #countertrend #doubletop #rsidivergence #ab=cdpattern less
https://vimeo.com/705048745
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