USDJPY - RSI & Stochastic Oversold! - and other confirmations
Hi Traders!
The market is in a strong Downtrend.
As you can see the market also reached the Support.
The momentum of the price decreased too.
The market is at the moment in a descending wedge.
The Trading Idea is simple: Just wait for the Break of the Upper Trendline.
We have these confirmations now:
* RSI is oversold
* Stochastic is oversold
* Market at daily Support
* Decrease of Volume after High Price Action
The faster the market reaches to a S&R Level,
the deeper it bounces back (in usual situations).
We recommend to trade the Breakout with a wide SL.
Thanks and successful Trading :)!
The market is in a strong Downtrend.
As you can see the market also reached the Support.
The momentum of the price decreased too.
The market is at the moment in a descending wedge.
The Trading Idea is simple: Just wait for the Break of the Upper Trendline.
We have these confirmations now:
* RSI is oversold
* Stochastic is oversold
* Market at daily Support
* Decrease of Volume after High Price Action
The faster the market reaches to a S&R Level,
the deeper it bounces back (in usual situations).
We recommend to trade the Breakout with a wide SL.
Thanks and successful Trading :)!
Catatan
The RED BOX specially for you, in THIS comment:
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.