nickworkman

Seeing a Strong Buy Formation on USDJPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
As we can see, the moving averages are lined up nicely for a buy. Whenever the smallest moving average is on the bottom and so on and so fourth, it tends to indicate that the market is signaling a reversal to the upside. Just bored, on this Sunday morning so I'm trying to give my bias. Hopefully someone has a takeaway from this idea.
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