orvilleawright

BEARISH USDJPY Daily: RSI overbought with hidden divergence;

Short
FX:USDJPY   US-Dollar / Japanischer Yen
Nov 16 2015: BEARISH USDJPY Daily:RSI overbought with hidden divergence; Bearish BAT
(Analysis Based on Daily chart)

Observations
1. Long term bull channel
2. Short term bear channel
3. Bullish breakout from consolidation
4. Price currently at resistance
5. RSI overbought at swing high
6. RSI bearish hidden divergence
7. Bearish BAT pattern completing at channel high

NOTE: Wait for price action to confirm the importance of these levels. The long term trend is bullish. The RSI is overbought and diverging. Price is also near the top of the bearish channel which also marks the completion of a bearish BAT pattern.

If you find this information useful. Please hit the LIKE button.

I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.