Nov 17 2015: BULLISH USDJPY 1 Hour: Down channel has been broken
(Analysis Based on 1 Hour chart)
Observations
1. Price has broken the down channel and has created a higher high
2. RSI overbought at swing high
NOTE: Wait for price action to confirm the importance of these levels. Buying zones are at retest of previous structure as well as retest of the down channel which has been broken.
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(Analysis Based on 1 Hour chart)
Observations
1. Price has broken the down channel and has created a higher high
2. RSI overbought at swing high
NOTE: Wait for price action to confirm the importance of these levels. Buying zones are at retest of previous structure as well as retest of the down channel which has been broken.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
