USDJPY - Signals for a Trend Change Appeared

18 dic 2021

Hi Traders!

The following signals indicates a Trend Change with Down-Movements:

• Strong Weekly Resistance --> This is a high price and people might sell off again.
  
• Daily MACD Divergence --> The bullish Momentum sinks. People may feel a burden when buying
  the price and they actually want to sell it.
  
• Head and Shoulders Pattern --> People know this pattern and its affect of changing the Trend. It includes a Lower High.
  
• First Lower High --> Connected to H&S Pattern and shows on the one hand that
  people are rejecting higher prices and on the other hand that
  people are willing to sell for/from lower prices.
  
• MAs meandering --> It indicates, that after the Uptrend the average 200, 50 and
  20 people neither buy nor sell. This indicates the end of the Trend and a potential Trend Change.
  

The TPs are the
- daily Support of this whole consolidation (orange box) process
- the H4 Support between daily and weekly Support
- the weekly Support.



If you have any questions, another POV or any comments, feel completely free to share them!



Thanks and successful Trading :-)!