FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
According to our rules the market is in the neutral zone where the price is trading within the Opening Range bands and the Pivot Range, both of which are overlapping. When this occurs after an A trade, in this case a failed A down trade, the bias then shifts to neutral.
Comment: The market made a bullish move out of the neutral zone up to the C value line (yellow) and traded there for a minimum of 15 minutes, half the time of the Opening Range. Therefore a C up trade has been triggered for a long position with the stop loss being placed at the D level of a tick below the low of the Opening Range.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out