USD/JPY bearish movement incoming
Hi everyone, take a look at my chart set up what do you make of it?
I am saying that there is a bearish movement coming due to the momentum cooling off on the daily chart as seen from the RSI creating lower highs even though the chart is making higher highs… also this point is a strong resistance point as seen from the purple rectangle I’ve drawn from the historical highs that showed a big push down after hitting it.
Please let me know your thoughts I’m a open minded trader that loves hearing others opinions whether you think I’m wrong or right so please tell me what you think.
I am saying that there is a bearish movement coming due to the momentum cooling off on the daily chart as seen from the RSI creating lower highs even though the chart is making higher highs… also this point is a strong resistance point as seen from the purple rectangle I’ve drawn from the historical highs that showed a big push down after hitting it.
Please let me know your thoughts I’m a open minded trader that loves hearing others opinions whether you think I’m wrong or right so please tell me what you think.
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