USD/JPY on the ascendent triangle, but beware to put long
Hello guys, in this updated of my technical analysis of USD/JPY, now USD/JPY it's prire to drop the price in the next hours. So I interesting you that read this message in the right hand that it's localized in the left red arrow that I show exactly what is mean.
And also, lets me see that RSI and Stochastic are show us a signal of continue the drop, so if you use RSI the two points high are build bearish divergence and Stochastic are represent a bearish divergence. So, in conclude, we have a bearish divergence in the Stochastic.
Now, in the H4 timeframe, we hope that, a complete the elliot wave # 4, this is a correction to later go to back and continue the downtrend based in the elliot wave and later we hope that appears the ABC elliot wave correction and later we need to hope is continue the beartrend or change the bulltrend (remember USD it's show a signal a force to continue up and this is a speculate news of this currency in the United States when open up the commerce international in the large cities in New York, Los Angeles, Miami, Boston, San Francisco, Houston, Dallas, Seattle, and other place and US cities. This is an important indicator of reopen the country to all go back in normally.
So, in H1 timeframe it's very important, if you see the purple circle, are manipulation wick to believe that the price is go up the price and change, not, it's a bear trap and the price is go donw to trap all the bulls that put in long and later keep out of the market. And so, I use this indicator Stochastic and RSI
And also, lets me see that RSI and Stochastic are show us a signal of continue the drop, so if you use RSI the two points high are build bearish divergence and Stochastic are represent a bearish divergence. So, in conclude, we have a bearish divergence in the Stochastic.
Now, in the H4 timeframe, we hope that, a complete the elliot wave # 4, this is a correction to later go to back and continue the downtrend based in the elliot wave and later we hope that appears the ABC elliot wave correction and later we need to hope is continue the beartrend or change the bulltrend (remember USD it's show a signal a force to continue up and this is a speculate news of this currency in the United States when open up the commerce international in the large cities in New York, Los Angeles, Miami, Boston, San Francisco, Houston, Dallas, Seattle, and other place and US cities. This is an important indicator of reopen the country to all go back in normally.
So, in H1 timeframe it's very important, if you see the purple circle, are manipulation wick to believe that the price is go up the price and change, not, it's a bear trap and the price is go donw to trap all the bulls that put in long and later keep out of the market. And so, I use this indicator Stochastic and RSI
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