Get started
XT-Simple_Trading

Join the Bulls

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
XT-Simple_Trading Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Chart Patterns
3
0
trendanalysis supportandresistance chartpattern
Weekly Chart:
Bullish engulfing pattern
Daily Chart:
Bullish candle
Watch out:
1. The long-term down trend line since Jun 2015 will act as a strong resistance
Action:
Join the Bulls
Trade closed manually:
It is approaching the long-term down trend line since Jun 2015 and we can see that it was strong resistance. Stand aside this week.
Comment:
Weekly Chart:
Bullish Candle and broken the long-term down trend line since Jun 2015
Daily Chart:
Some took profit off the table.
Watch out:
There might be a pull back
Action:
Wait to join the Bulls this week
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.