JPY is moving in a nice range for the last while, which means we're going to trade mean reversion. I've learned that RSI, Stochastic and other overbought/sold indicators are more useful for this than trend trading, so we'll rely heavily on them for this type of setup.

- JPY is right at the top of the trading range, being clearly rejected with fat bearish candle on the 4h chart.
- Stoch and RSI screaming overbought

- There is some indication of breakup, but we're not going to see it before a retracement into the channel, if it happens.
- Nice setup for a scalp in some pair for Monday.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.