usdjpy showing rsi divergence could be a long up to the 106 level or even higher. possible long opportunity sl set below the current support zone.
waiting for 10 and 20 sma to crossover for possible entry
usdjpy broke out of the wedge pattern recently and has just reached a previous support level which could now turn resistance looking for more confirmations via MACD, RSI and candlestick rejections. price could consolidate as well so best to place a sell stop below far below this resistance zone in case of a fake out then ride it all the way to the bottom.
Not sure if this is right but H&S pattern in the 4h time frame as well as failure to break weekly resistance
Might wait for rsi confirmation or break below 4h support
Forgive me if I’m wrong I’m a new trader
