Triple bottom reversal USD/JPY 1-hour chart
Hello!
I’m Satori, researching FX.
This time, I will deliver a “Triple Bottom Reversal on the USD/JPY 1-hour chart.”
The figure below shows an example of a triple-bottom-type reversal on the USD/JPY 1-hour chart.
It is the reversal point after hitting the bottom price.
The latest candle is June 4, 2018, 13:00.
At 10:00 on June 1, it surpassed the previous high of 109.073.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/d/c/dcdf63b7.gif
As a reference point for settlement, I am using a 60% drop after RSI reaches 65 or higher.
Thus, the profit was 35 pips.
Also, predicting the completion of the triple-bottom reversal, if you enter with a 50-pip reversal from the immediate low 108.385 of the N-shape entry indicator, you would have gained +53.5 pips.
For a while, we will continue testing the reversal patterns.
The two indicators used today are the following two.
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http://fxmt4indicator.abproducts.biz/wp/?page_id=2060
Displays non-repainting arrows for N and inverse N shapes, with email alerts!
Easily see price highs and lows rising and falling as proposed by Dow Theory and Elliott Wave!
Compatible from 1-minute charts to weekly charts for all currencies!
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Trend-following Buy-the-dip Indicator MT4 RSI MA Breakout
http://fxmt4indicator.abproducts.biz/wp/?page_id=9
RSI signals and email/alerts following the MA trend direction’s pullback
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Thank you very much for reading up to here today.
Well then, please stay well.
Technical Trading Blog Ranking
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Publisher: Art Brain Products
FX Technical Strategy Researcher
Satori Kokoro
Email: info atmark abproducts.biz
Blog: Fibonacci Retracement FX Research:http://fxmt4indicator.blog.jp/
Indicators, Tools, & EA:http://fxmt4indicator.abproducts.biz/wp/
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