OANDA:USDJPY   U.S. Dollar / Japanese Yen
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

Comments

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