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USDJPY - RSI & Stochastic Oversold! - and other confirmations

170
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 :)!

ノート
The RED BOX specially for you, in THIS comment:

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