USD/JPY-1 Hour overview
Hello everybody!
-On 1 hour chart, we can see that the price formed a double bottom and then the price started moving in bullish direction. If we put 22 periods EMA on the 1-hour chart, then we can see that the price tested 22 periods EMA and then rejected,...
-On a 30 minutes chart, we can see very nice retests and rejections on the yellow support line.
-The double bottom pattern is a very nice confirmation for bullish control.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On 1 hour chart, we can see that the price formed a double bottom and then the price started moving in bullish direction. If we put 22 periods EMA on the 1-hour chart, then we can see that the price tested 22 periods EMA and then rejected,...
-On a 30 minutes chart, we can see very nice retests and rejections on the yellow support line.
-The double bottom pattern is a very nice confirmation for bullish control.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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