USD/JPY-1 Hour overview
Hello everybody!
-On 1 hour chart, we can see that the price formed a double bottom and then the price started moving in bullish direction. If we put 22 periods EMA on the 1-hour chart, then we can see that the price tested 22 periods EMA and then rejected,...
-On a 30 minutes chart, we can see very nice retests and rejections on the yellow support line.
-The double bottom pattern is a very nice confirmation for bullish control.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On 1 hour chart, we can see that the price formed a double bottom and then the price started moving in bullish direction. If we put 22 periods EMA on the 1-hour chart, then we can see that the price tested 22 periods EMA and then rejected,...
-On a 30 minutes chart, we can see very nice retests and rejections on the yellow support line.
-The double bottom pattern is a very nice confirmation for bullish control.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.