USDJPY - Daily Trendline Break - Down Movements expected
Hi Traders!
The market was in an Uptrend, but it is now turning into a Downtrend.
As you can see we here have a bullish Parallel Channel.
The lower side of the Parallel Channel is also a daily Trendline.
This Trendline just got broken.
Now the market pulled back after the Breakout.
Beside the breakout, something important occurs too:
The lower low.
Now, the market is in a Pullback and if you consider the last top as a High, then it is a Lower High.
A possible entry would be the Break of the dashed Trendline.
Thanks and successful Trading :-)!
The market was in an Uptrend, but it is now turning into a Downtrend.
As you can see we here have a bullish Parallel Channel.
The lower side of the Parallel Channel is also a daily Trendline.
This Trendline just got broken.
Now the market pulled back after the Breakout.
Beside the breakout, something important occurs too:
The lower low.
Now, the market is in a Pullback and if you consider the last top as a High, then it is a Lower High.
A possible entry would be the Break of the dashed Trendline.
Thanks and successful Trading :-)!
Nota
Here is another confirmation for the bearish Movement:We have a MACD Divergence!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.