RSI When Above 60 = New 1 Hr or Higher PUT Trades

FX:EURJPY   Euro / Japanese Yen
49 0 6
From the large to small EURJPY             charts-- this pair is a BEAR. I believe RSI is a very good momentum indicator which should be adjusted on shorter time frame trades. This RSI is at default of 14, which shows that it is around 35 now.

The ichomoku cloud PA is below cloud at this time. I would use both strong support and resistance areas on both 1 hour & 4 hour charts to enter in new Put/Bear 1 hour or higher new put trades. By waiting for breakouts of consolation areas, which are around strong S/R levels, will keep you trading with trend.

From 15 minute chart, the PA level of 114.200 was a strong resistance area , with current PA going down. Good Trading.
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