USDJPY - Indications For End Of Uptrend
Here is the summary of the indications:
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Hi Traders!
The setup of this idea starts with the fact, that the market was in an Uptrend for a very long time.
Now it has reached the weekly Resistance, where it starts to consolidate now.
After this, the price broke out of the H4-Trendline.
It even made a Lower High and a Lower Low.
Also, the MACD Oscillator shows a medium Divergence.
Now, they're these possibilities:
- Either it starts a further Range
- Or it starts a Downtrend / descending Channel
What do you think about USDJPY? Feel free to post your idea here!
Thanks and successful Trading :-)!
- Weekly Resistance
- Start of Consolidation
- LH & LL in former Uptrend
- Trendline Break
- MACD Divergence
Future Possibilities: - Range
- Downtrend
- descending Channel
----------
Hi Traders!
The setup of this idea starts with the fact, that the market was in an Uptrend for a very long time.
Now it has reached the weekly Resistance, where it starts to consolidate now.
After this, the price broke out of the H4-Trendline.
It even made a Lower High and a Lower Low.
Also, the MACD Oscillator shows a medium Divergence.
Now, they're these possibilities:
- Either it starts a further Range
- Or it starts a Downtrend / descending Channel
What do you think about USDJPY? Feel free to post your idea here!
Thanks and successful Trading :-)!
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