A very nice signal has recently appeared on the USDJPY currency pair. For my misfortune I was not able to open it because of the very limited time I could spend on trading this week. However, it is worth discussing it below.
As you can see on the H4 chart below, the USDJPY is trading in a short-term downtrend, as witnessed by the lows and highs that are heading lower and lower. The last correction brought the price to the resistance zone, where a 50% reduction coincided with the 20-period SMA.
The signal in the aforementioned place was created on the 30-minute chart after closing the candle (marked with price) 7:30. At that time, a sequence of rising lows and highs was broken.
Because after the FOMC minutes the dollar has weakened again, the new impulse has crossed the level of the last low. You may therefore look around for further signals after a correction.
The weakening of the dollar led to a change in the short-term trend on the AUDUSD pair. As you can see in chart H4 below, after breaking the 20-period SMA established a higher low and a higher high. However, be careful with potential long positions, because the price is in the vicinity of significant resistance.
Here also the appeared signal simmilar to the one on USDJPY. However, this could only be used by “night” traders. Below is a H4 chart, while the signal formed after closing the candle at 2:00 on the M30 time frame.
I use the Strategy Only Highs and Lows on the account at the broker XM. He offers spreads from 0.0 pips, more than 300 instruments and $ 30 start >>
Another pair with USD, where a new impulse has been formed. It is still possible to search for shorts as long as the quotes enter the resistance zone, which is the area of 33-66% abolition of the last pulse in the trend.