Get started
wickdtrader

Divergence spotted on RSI, potential shift in bullish trend

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
wickdtrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
2
0
trendanalysis
Price action has broken through level 70 on the RSI and appears to be overbought. A divergence has also been spotted and could be an indication of bears rolling in. I am considering taking short positions should price action break below the highlighted support level.

Feedback/advice always welcome! (:

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.