So USDJPY has been pushing up abnormally the last two days, where stochastic and RSI values reached the 100% .
A reversal sign is printed, and believe me this sign only prints after the code has looped twenty conditions and all of them have passed a true.
I am not saying its gonna drop all the way all at once, but even i'm certain that its not gonna make it easy for traders before dropping.
Let it retrace first and break the highs before shorting it, because it is going to do that usual false breakout before the drop. So take advanteges of that false breakout by selling limit order above 110.6.
Good luck everyone!
A reversal sign is printed, and believe me this sign only prints after the code has looped twenty conditions and all of them have passed a true.
I am not saying its gonna drop all the way all at once, but even i'm certain that its not gonna make it easy for traders before dropping.
Let it retrace first and break the highs before shorting it, because it is going to do that usual false breakout before the drop. So take advanteges of that false breakout by selling limit order above 110.6.
Good luck everyone!