TomProTrader

#USDJPY: Accumulation Forming, Upside Likely! #Forex

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
10
Traders,

USDJPY has hit a support, followed by very compelling bullish reversal candles right at the bottom of the range. Price appears to be accumulating here, and expecting some great upside. There is a very nice Stochastic bullish divergence, as well as the higher low off the exuberant sell off, implying that bulls are inconspicuously buying positions in the dusk.

For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile
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.