Possible idea for USD/JPY
When we look at the chart we can see that the price is going into the support area. If the price is unable to break below the support area we could consider to go long in this pair.
This is also the case when we look at the RSI, because the RSI is very low at the moment.
When we look for a divergence we can see that there is happening one at the moment but that one won't be valide anymore if the price is able to break below the support area. So if we look at the divergence side of the trade we could even consider to go short on it if it is able to break below the support area.
Please let me know in the comments what you think of it.
If you like the idea don't forget to give it a like and follow me for more ideas.
If you have any questions, feel free to PM me.
This is also the case when we look at the RSI, because the RSI is very low at the moment.
When we look for a divergence we can see that there is happening one at the moment but that one won't be valide anymore if the price is able to break below the support area. So if we look at the divergence side of the trade we could even consider to go short on it if it is able to break below the support area.
Please let me know in the comments what you think of it.
If you like the idea don't forget to give it a like and follow me for more ideas.
If you have any questions, feel free to PM me.
Note
If you are in this trade make sure that you have secured some profit and moved SL into profit as well
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.
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.