BEARISH USDJPY Daily:RSI overbought with hidden divergence
Nov 10 2015: BEARISH USDJPY Daily:RSI overbought with hidden divergence; Bearish BAT
(Analysis Based on Daily chart)
Observations
1. Price has broke out of the narrow trading range.
2. Price currently at resistance
3. RSI overbought
4. RSI hidden divergence
5. Bearish BAT pattern
6. Shallow short term down channel
7. Long term up channel
NOTE: Wait for price action to confirm the importance of these levels.
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(Analysis Based on Daily chart)
Observations
1. Price has broke out of the narrow trading range.
2. Price currently at resistance
3. RSI overbought
4. RSI hidden divergence
5. Bearish BAT pattern
6. Shallow short term down channel
7. Long term up channel
NOTE: Wait for price action to confirm the importance of these levels.
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!
