Depending on : 1-) Super weekly negative RSI divergence which last half a year
If price goes below the B confirmation point , go short
RSI & Stochastic are overbought Gartley pattern has been formed unless a surprise is waiting for us confirm with price action Doji candle in 4 hr
may be an Alternate Shark harmonic pattern had just finished ,,,,,,,,not sure
although we are moving in an new uptrend , we may benefit from swimming against the trend by selling the top with this continues signs of RSI (-ve divergence) till now
If price retrace a little bit then go long from 1.591-1.593 not more depending on fibo ABCD pattern with AB=CD which suggest price move back to A point finally RSI strongly support the bullish idea by a powerful +ve divergence sign Remember to enter as low as possible .
quick and fast play target 200MVA Daily once it hit enter long for 50 pips
LONG CORRECTIVE WAVE with three consecutive declined candles , 200 MVA above closer look may suggest if price close above 10474 resistance then we shall look to buy toward 10571 support level
USD/JPY is dropping to the lowest levels reached this year. price under Ichimoku cloud, RSI<40 , MVA 100 violet line is above , the only -ve is the MVA 200 red line(still under) if you like the long trading period , this is a good chance to enter i guess .
depending on 1) the yellow trend price may use it as support line to retrace back 2) RSI is 37 , 3) ABCD pattern has ended although the RSI shows a negative divergence which is a signal to sell but Stochastic didn't that's why i put the stop loss so tied if price moves & close beneath the trend i will be short as twice much as i'm long now if not more . we...
Price has closed under the huge weekly upper trend , JPY may get stronger regarding the situation in Ukraine now .