usdjpy signs of reversal maybe?
1. Reversed legs on the 1D time frame with higher volume on the bearish bar
2. Today's (03.06.2015) daily bar is bullish but with lower volume
3. Potential bearish H&S on 1H & 4H time frames (*** uncompleted yet)
4. Broken ascending triangle but price haven't yet tested back the resistance zone 122 - 121.40
5. Price rallied over 600 pips (impulse leg), so it's maybe a time for some relief (profit taking, etc..)
2. Today's (03.06.2015) daily bar is bullish but with lower volume
3. Potential bearish H&S on 1H & 4H time frames (*** uncompleted yet)
4. Broken ascending triangle but price haven't yet tested back the resistance zone 122 - 121.40
5. Price rallied over 600 pips (impulse leg), so it's maybe a time for some relief (profit taking, etc..)
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.