Short
Bearish signs for Yen Currency Futures
Which means the opposite for those who trade the spot USDJPY
We have bearish conditions for a trend reversal...
1. False breakout - bear trap at the high yesterday
2. Volume spike at that high
3. Divergences on both the 3/10 oscillator and the 16 period EMA slow line
All very strong bearish signs. I will have a look at the USD futures on another chart.
We have bearish conditions for a trend reversal...
1. False breakout - bear trap at the high yesterday
2. Volume spike at that high
3. Divergences on both the 3/10 oscillator and the 16 period EMA slow line
All very strong bearish signs. I will have a look at the USD futures on another chart.
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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.