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UnknownUnicorn468659
Jun 3, 2016 2:00 PM

USDJPY divergence on daily shows pair found 2014/10 support Long

U.S. Dollar/Japanese YenFXCM

Description

Divergence trend lines in red show why trend changed into upward movement. USDJPY will be a move up and right now is the right time to hop on the train. It reached the october 2014 support level.

Fibonacci levels show a good amount of confluence on the indicated support levels.
Good luck!

Trade active

Confirmation on the 5 minute chart.
Fingers crossed for tomorrow's opening.

Trade closed manually

Trade closed manually with a decent profit as I observed more divergence happening just now. We'll see where this goes on a fundamental basis.

Comments
TradZ
Jus t a retracement. I believe will head down more soon
TradZ
Heikien Ashi Trader Nice!
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