Trading Strategy: Super Integration for the USDJPY Currency Pair
1. Market Structure: The market is currently in an uptrend, as indicated by the blue line.
* Demand zone is marked, showing a price level with reactions.
* Support level: 148.80
* Resistance level: 151.71
2. The corrective wave structure is marked with the red ABC line, indicating the weakening of sellers within the strong demand zone.
3. The larger parallel channel is marked with a light green color. The price has approached the lower boundary, suggesting a potential reversal trade at the lower channel boundary.
4. RSI Indicator: On the chart, it shows a hidden bullish divergence.
5. Volume Histogram: Decreasing volume during price decrease suggests weakening selling pressure.
6. Result of Supply Demand zone, Fibonacci Analysic.
Other advanced technical analysis techniques to consider for your trade recommendation:
1. Market Structure: The market is currently in an uptrend, as indicated by the blue line.
* Demand zone is marked, showing a price level with reactions.
* Support level: 148.80
* Resistance level: 151.71
2. The corrective wave structure is marked with the red ABC line, indicating the weakening of sellers within the strong demand zone.
3. The larger parallel channel is marked with a light green color. The price has approached the lower boundary, suggesting a potential reversal trade at the lower channel boundary.
4. RSI Indicator: On the chart, it shows a hidden bullish divergence.
5. Volume Histogram: Decreasing volume during price decrease suggests weakening selling pressure.
6. Result of Supply Demand zone, Fibonacci Analysic.
Other advanced technical analysis techniques to consider for your trade recommendation: