inderjeet05

USDJPY is seen to form Bullish Divergence

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USD JPY Pair is seen to form bullish divergence in the hourly chart.
Trade active
Trade closed manually: closed at 118.557

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Thanks for your effort providing this chart.. so you are thinking HIGHER from here?? Or is "Price-Action" going to conform to CCI .. lagging a LOT!! Of course, BOJ is actively in the markets, covertly, quietly, devaluing the Yen. That means a LOT, because they are "Going-for-Broke" .. I think they look at it as -- It's NOW or NEVER on Japan escaping their 30 year deflationary cycle. Much luck to your "smart Trading everyone!!
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inderjeet05 RrrussT1
@RrrussT1, It should be a higher high and conform to CCI, :)
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RrrussT1 inderjeet05
@inderjeet05, So you're saying.. PRICE should first reach a Higher-High.. . and THEN break down to conform with CCI .. ie; a move LOWER, right?? Thanks.. ..
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inderjeet05 RrrussT1
@RrrussT1, You are right, i miss-labeled it. There bullish divergence is not from the top as i had indicated but from the bottom. Thanks for letting me know. :)
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