manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

A strong reversal signal

17 November 2016, USD/JPY

Daily chart: a good bearish pinbar was formed after a strong movement (plus the one generated from the round price level 110.00), may be a signal for start of correction to the middle Bollinger band (105.26)

A strong reversal signal

Н4: ADX/RSI is also in a correctional phase. Support lines 108.24 and 106.46 (middle and lower Bollinger band, respectively) can drop.

A strong reversal signal

Н1: by the time of this publication, a bearish pattern Over&Under has been formed with the sale entrance point in 109.30. An upward pullback can start in the area of 108.24.

A strong reversal signal

Expectations: a rollback to ​​109.30 followed by the main phase of a downward reversal.

Solutions: Put Limit sell orders at 109.30 with Stop orders above the last peak, ​​profit shall be settled at 106.46 (extraday)

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Client area. How to enable cookie support.