USDJPY - Signals for a Trend Change Appeared
Hi Traders!
The following signals indicates a Trend Change with Down-Movements:
The TPs are the
- daily Support of this whole consolidation (orange box) process
- the H4 Support between daily and weekly Support
- the weekly Support.
If you have any questions, another POV or any comments, feel completely free to share them!
Thanks and successful Trading :-)!
The following signals indicates a Trend Change with Down-Movements:
- Strong Weekly Resistance --> This is a high price and people might sell off again.
- Daily MACD Divergence --> The bullish Momentum sinks. People may feel a burden when buying
the price and they actually want to sell it.
- Head and Shoulders Pattern --> People know this pattern and its affect of changing the Trend. It includes a Lower High.
- First Lower High --> Connected to H&S Pattern and shows on the one hand that
people are rejecting higher prices and on the other hand that
people are willing to sell for/from lower prices.
- MAs meandering --> It indicates, that after the Uptrend the average 200, 50 and
20 people neither buy nor sell. This indicates the end of the Trend and a potential Trend Change.
The TPs are the
- daily Support of this whole consolidation (orange box) process
- the H4 Support between daily and weekly Support
- the weekly Support.
If you have any questions, another POV or any comments, feel completely free to share them!
Thanks and successful Trading :-)!
