USDJPY: 1-Hour Strategy Setup
Buy Setup:
Look for a bullish divergence on the RSI or MACD around the 142 support on the 1-hour chart.
Confirm if the price forms a reversal pattern, like a double bottom.
If the price moves above the 20 or 50 EMA on the 1-hour, this could be a confirmation to go long for a short-term move.
Sell Setup:
If the price shows a bearish rejection at the 20 or 50 EMA or forms a weak bounce.
Look for price breaking below key support (e.g., 142 on the 1-hour chart).
A bearish crossover of the MACD or an RSI approaching overbought near resistance could signal a good short opportunity.
Look for a bullish divergence on the RSI or MACD around the 142 support on the 1-hour chart.
Confirm if the price forms a reversal pattern, like a double bottom.
If the price moves above the 20 or 50 EMA on the 1-hour, this could be a confirmation to go long for a short-term move.
Sell Setup:
If the price shows a bearish rejection at the 20 or 50 EMA or forms a weak bounce.
Look for price breaking below key support (e.g., 142 on the 1-hour chart).
A bearish crossover of the MACD or an RSI approaching overbought near resistance could signal a good short opportunity.
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