USD/JPY-Daily Analysis
Hello everyone!
-On a daily chart, we can see that the price tested and rejected the support area, and then the price formed bullish engulfing which is a very good signal to buy,...
-The price formed a triangle pattern so you can wait for a breakout to appear.
-We can also see that the Stochastic indicator is in an oversold area so we may expect a pullback in a bullish direction.
-Before entering a trade please check fundamental news and currency strength meter to get some more confirmations!
-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 Financial advice.
-On a daily chart, we can see that the price tested and rejected the support area, and then the price formed bullish engulfing which is a very good signal to buy,...
-The price formed a triangle pattern so you can wait for a breakout to appear.
-We can also see that the Stochastic indicator is in an oversold area so we may expect a pullback in a bullish direction.
-Before entering a trade please check fundamental news and currency strength meter to get some more confirmations!
-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 Financial advice.
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