Description
⋅ USDJPY has been in a narrow range consolidation since a one week trend up from March 14-20.
The dual time RSI indicator shows the faster green RSI line under the stable slower RSI line
showing some bearish divergence. The predictive also's blue line forecasts a slow downturn.
I am taking a short forex trade on USDJPY expecting price to fall into the support of the
mean VWAP at 150.638. This is about a 0.67% move to be leveraged for a modest profit
considering the risk taken. The stop loss is 151.9 just above the higher first upper VWAP line.
Comment
⋅ Comment
⋅ Pair is sideways today. Holding full position.Watching for a move lower.
Comment
⋅ Same as yesterday. Holding patiently.