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Japanese Yen WCO

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Global-Review / May 14th : Big cluster today on Wallstreet.Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video. Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can check my indicators via my TradingView's Profile : @PRO_Indicators If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle. Kindly, Phil If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
TVC:JXYShort
by PRO_Indicators
Bullish on Japanese Yen / JXYJapanese yen (JXY) broke from a big bearish channel and started heading to the skies. Now it pulled back to 200 EMA and horizontal support level (that was once a resistance). I expect a bounce off that level. It might test it a few more times penetrating it but the eventual route is up. The worst scenerio: it can drop down to the triangle trendline (in which it got cornered) but then it will bounce up to the other upper side of the triangle anyway. And the ultimate breakout from the that triangle should be upwards as shown on the chart (in accordance with a previous trend, as it already tested the ultimate bottom). When trading Japanese Yen pairs (GBPJPY, GBPUSD, NZDJPY, AUDJPY, EURJPY...) keep in mind where the yen is going as we trade the spreads between 2 different currencies in each pair.
TVC:JXYLong
by ICFX