USDJPY - Break of Parallel Channel - Risk 1$ to make 2.70$
Hi Traders!
The market is in a Midterm Uptrend (50MA).
As you can see we here have a very central Trendline.
It is very important to determine the future behavior of the market.
So, we see that the market was pulling back every time downwards after it reached the Trendline.
After the Breakout we are at the first time above this Trendline.
It is testing this broken Trendline and doesn't get under it anymore. ( bullish signal ;) )
In addition it is starting to make higher highs and higher lows.
These factors are all significant signals to determine a potential Trend Change!
Thanks and successful Trading :)!
The market is in a Midterm Uptrend (50MA).
As you can see we here have a very central Trendline.
It is very important to determine the future behavior of the market.
So, we see that the market was pulling back every time downwards after it reached the Trendline.
After the Breakout we are at the first time above this Trendline.
It is testing this broken Trendline and doesn't get under it anymore. ( bullish signal ;) )
In addition it is starting to make higher highs and higher lows.
These factors are all significant signals to determine a potential Trend Change!
Thanks and successful Trading :)!
Nota
The RED BOX is here, but this is the Bigger one:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.