USD JPY - Long Flashcard
- Pair has just broken the uptrend so this is a counter trend but the trend reversal wasn't the strongest (higher time frames)
- Double bottom formation presented off of yesterdays low
- First leg with RSI hook @ 32 into volatility bands
- Second leg entry on shift candle at RSI cross above signal line along with divergence for added confirmation
- Double bottom formed off of the yesterdays low with no closes below
- TP1 @ RSI cross signal line or RSI hook but here I would move stop below 13 ema by 5 pips
- TP2 @ RSI hook into volatility bands @68 no cross under RSI
- TP3 @ RSI bounce volatility bands above 68 and RSI cross signal line or yesterdays high (to achieve this TP you had to move your stop below 13 ema earlier or have TP @ yesterdays high)
- Pair has just broken the uptrend so this is a counter trend but the trend reversal wasn't the strongest (higher time frames)
- Double bottom formation presented off of yesterdays low
- First leg with RSI hook @ 32 into volatility bands
- Second leg entry on shift candle at RSI cross above signal line along with divergence for added confirmation
- Double bottom formed off of the yesterdays low with no closes below
- TP1 @ RSI cross signal line or RSI hook but here I would move stop below 13 ema by 5 pips
- TP2 @ RSI hook into volatility bands @68 no cross under RSI
- TP3 @ RSI bounce volatility bands above 68 and RSI cross signal line or yesterdays high (to achieve this TP you had to move your stop below 13 ema earlier or have TP @ yesterdays high)