FX:USDJPY   U.S. Dollar / Japanese Yen
-Price is below 200 EMA .
-Expanding Wedge formation.
-Bearish divergence; double top on RSI , as price creates a new HH (Higher High).
Oct 28
Comment: (Journal) due to the large impulse, it seems the bulls have regained momentum and there is a chance that bulls may break out to go higher.
great trade!
+1 Reply
Jaxpx VasilyPonomarev
@VasilyPonomarev, Thank you very much.
Great analysis!! Didn't notice the expanding wedge or bearish divergence :D
+1 Reply
Jaxpx ianiixo
@ianiixo, Thank you, I guess it would count as bearish divergence if the indicator contrasts from price movement, so in this example if price continues to make a new high but the indicator shows the highs as a flat or if it starts to make Lower Highs, that would validate a bearish divergence.
+1 Reply
ianiixo Jaxpx
@Jaxpx, thank you for the explanation :)
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out