RaynLim

USDJPY-Weekly Market Analysis-Aug19,Wk4

شراء
FX:USDJPY   دولار أمريكي / ين ياباني
On the 4-hourly timeframe(right), have you spotted the RSI Divergence that gave a great counter-trend trading opportunity if you have missed that then is back to the support and resistance trading setup on the 1-hourly chart(left).

Classic setup but it is still the most effection setup. For trend traders who are looking for shorting opportunity, do note the big bullish engulfing candle on both 4-hourly and 1-hourly chart.

If you have noticed, it is the same candle, which means during the bullish movement, the market holds the price for 4-hours. This is a piece of information you shouldn't ignore. I will be more interested in long position than short position.

Do note that the bullish bat on the daily chart still stands, refer to my previous post as mentioned. The 1 thing I love about this bullish bat is it coincides with AB=CD pattern at a close enough entry price. Traders who have missed it can certainly wait for a retest.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.