Up cause u use small frames

FX:USDJPY   U.S. Dollar/Japanese Yen
140 1 5
Why red candle started at the top of descending channel , RSI over bought (with bearish divergence) and Stochastic the same way?
Why price showing this weakness just at 200 sma and macd also gave a cross ?

It is all signs of warning trend in over here , just stop looking at the small frames letting it mislead you yeah we
are in up trend and will proceed , it is intact ..... it is a TRAP.
just remember when you see a sell sign at 4H chart then after you jump in , Ooops price goes up cause it was at the bottom of descending channel .....
Here the same situation but reversed .

I do not mind that price will go to 107 then 109 as some traders posted a very talented analyzes , but what I talk about is the afterwards : this trend is not going to proceed , on the contrary sharp fall down is coming.
therefore , when you buy you should know it is a counter trend entry not with trend :) time will say the truth.
agreed. very nice comment
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