Ozymandias
Long

USDJPY bullish divergence short term trade

FX:USDJPY   U.S. Dollar / Japanese Yen
Short term might be a bullish divergence , and the price might move back up before testing new lows.
Overall I believe the uptrend will resume, but first the 105.500 will be tested, at which point it will be heavely oversold.
What is the divergence indicator?
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Ozymandias vlad.adrian
it's showing you where there might be a divergence occurring, for more info on divergence i suggest looking at this; http://www.babypips.com/school/high-school/trading-divergences/divergence-trading.html
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vlad.adrian Ozymandias
I know what a divergence is, my question was how does it work?
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Ozymandias vlad.adrian
I just discovered this indicator myself, it seems pretty self explanatory. the vertical line just indicates on which corresponding candle a divergence in the RSI is taking place,
I looked ate the source code for this.
Anyway I'll keep an eye on it, to see how this works out for me.
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vlad.adrian Ozymandias
It didn't seem that is tracking the RSI, that is why I asked. I don't see divergences on RSI
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