Which means the opposite for those who trade the spot USDJPY
We have bearish conditions for a trend reversal...
1. False breakout - bear trap at the high yesterday
2. Volume spike at that high
3. Divergences on both the 3/10 oscillator and the 16 period EMA slow line
All very strong bearish signs. I will have a look at the USD futures on another chart.
We have bearish conditions for a trend reversal...
1. False breakout - bear trap at the high yesterday
2. Volume spike at that high
3. Divergences on both the 3/10 oscillator and the 16 period EMA slow line
All very strong bearish signs. I will have a look at the USD futures on another chart.