EURJPY Divergence on Stochastic Short

Euro Fx/Japanese YenFXCM

Description

⋅ Feb 8, 2018 5:21 PM

On the weekly chart we can see a divergence with Stochastic indicator.
The E touch on the higher trendline is the "bear" bounce. Short until 121.10

Comments

salah3827

⋅ Feb 13, 2018 2:03 AM

Will accourding to your chart, it may go up to 138 before short until 121

marco_politi

⋅ Feb 13, 2018 6:20 AM

HI @salah3827, Yes it could be. But sometimes bounces on trendlines are not so regular.
Especially now that we have a long red bearish candle as an inversion signal.
Thank you