BEARISH USDJPY Daily:Consolidating in narrow range; Bearish BAT
Nov 3 2015: BEARISH USDJPY Daily:Consolidating in narrow range; Bearish BAT
(Analysis Based on Daily chart)
Observations
1. For the past couple of weeks this pair has been trading in a narrow range.
2. Price currently at resistance
3. RSI overbought at swing high
4. RSI hidden divergence
5. Bearish BAT pattern
NOTE: Wait for price action to confirm the importance of these levels.
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(Analysis Based on Daily chart)
Observations
1. For the past couple of weeks this pair has been trading in a narrow range.
2. Price currently at resistance
3. RSI overbought at swing high
4. RSI hidden divergence
5. Bearish BAT pattern
NOTE: Wait for price action to confirm the importance of these levels.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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