USDJPY may show a correction
This hidden VOLD divergence on higher timeframes on USDJPY is really a big thing.
A retrospective analysis reveals that such divergences have frequently been succeeded by substantial downward movements in the market. In our strategic approach, we have prudently placed our Stop Loss slightly above the residual gap. For those inclined toward a more cautious stance, patience in waiting for the price to close the gap may be advisable. Our objective is the attainment of a double Order Block on the M15 timeframe.
This trade opportunity offers an exceptional Risk-Reward Ratio (RRR) of 2.5:1.
A retrospective analysis reveals that such divergences have frequently been succeeded by substantial downward movements in the market. In our strategic approach, we have prudently placed our Stop Loss slightly above the residual gap. For those inclined toward a more cautious stance, patience in waiting for the price to close the gap may be advisable. Our objective is the attainment of a double Order Block on the M15 timeframe.
This trade opportunity offers an exceptional Risk-Reward Ratio (RRR) of 2.5:1.
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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.