tradersvision
Short

No reason to hurry long positions !

FX:USDJPY   U.S. Dollar / Japanese Yen
166 0 0
A closer look at the H4 reveals some more inside information about this pair. It's it is going sideways since May 2012 and it seems to have a bottom which I think will be tested one more time just to see if it holds up. This last intraday/shortterm uptrend climbs without much momentum. Actually, there is a bearish negative divergence going on. If we take another look on a weekly chart - not shown here - we will see that it might be - also tempting - a little bit too early for a long position. The price is running right into resistance on almost all timeframes. I want to see the price come back a bit - best on last green trendlinie - or conquer the downtrendlinie so that on a pullback there is some support in my back before it should eventually keep on going north.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out