USD/GPY chart Analysis 1hour sell possible
This is a USD/JPY (U.S. Dollar to Japanese Yen) 1-hour trading chart from TradingView. The chart appears to show a downtrend with a descending trendline (blue line) and a marked sell zone (red area). Here’s what it suggests:
1. Downtrend Confirmation: The price has been declining, forming lower highs and lower lows.
2. Resistance Zone: The red-shaded area is identified as a sell zone, where price previously faced resistance (failed to break higher).
3. Rejection Points: The red arrows mark key points where the price attempted to rise but got rejected, reinforcing the sell zone.
4. Possible Trade Setup: Traders may look for short (sell) positions when the price reaches this zone again, anticipating another rejection and continuation of the downtrend.
Would you like help with trading strategies based on this?
1. Downtrend Confirmation: The price has been declining, forming lower highs and lower lows.
2. Resistance Zone: The red-shaded area is identified as a sell zone, where price previously faced resistance (failed to break higher).
3. Rejection Points: The red arrows mark key points where the price attempted to rise but got rejected, reinforcing the sell zone.
4. Possible Trade Setup: Traders may look for short (sell) positions when the price reaches this zone again, anticipating another rejection and continuation of the downtrend.
Would you like help with trading strategies based on this?
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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.
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.