Good buying position after breakout. if you look at weekly , last week a spinning top was created , usually spinning tops pave way for price reversal inverse head and shoulders on 4hrs breaking out of trend.. going back to weekly , this week we are seeing green positive indication for buying until preferred t.p
Today, the indicator "Kenji" on the daily USDJPY chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of USDJPY is currently in the active downtrend phase (the area between the fast and slow averages is colored red). At the same...