TradingView
stockmarketdaytrader
Aug 25, 2016 3:04 PM

Turn around situation in the making Long

U.S. Dollar/Japanese YenFXCM

Description

We might be seeing this pair heading up. We have 2 important levels of resistance thats about to be broken, those levels are very strong, if price penetrates those 2 levels, price action will head in the upper direction. We have multiple inverted head and shoulders patterns on different time frames. On the daily chart, there is a candlestick formation party and we are invited! look at the spinning tops and the hammers telling us that price want to break up! Histogram divergence supporting a move higher. As you can see, massive amount of signals all saying price is about to head up! We will enter the trade only on the break of those 2 important levels of resistance!
More