Today is sunday nov. 29th around 9 pm EST time. There is a long trade oppotunity for USDJPY because of the following things.
1) USDJPY daily chart has formed a candlestick which has a long tail and a small body.
2) The candlestick is completely out of the bollinger bands.
3) Commodity channel index is below -100.
4) Stochastics oscillator is below 20.
5) RSI is below 30.
So on friday before the close of the market I have entered two long trades for this currency pair. Right now the trades are doing good. I will wait for today until the close of the candlestick and if I am in good profits, I will close one trade and move the stop loss for the other trade above my entry point. Check the screenshot below.
Click on the picture below to maximize it.
Two long trades entered for USDJPY currency pair as it formed a candlestick with a long tail and small body out of bollinger bands and all other indicators are in oversold region
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