Double Bottom Reversal EUR/JPY 4-hour chart
FX Research by Satori.
This time we present “Double Bottom Reversal on EUR/JPY 4-hour chart.”
The figure below shows an example of a double-bottom reversal on the EUR/JPY 4-hour chart.
This is the flip point after reaching the bottom.
The latest candle is at 2018-06-05 08:00 Japan time.
Around 18:00 on May 30, the double-bottom peak of 126.445 was surpassed.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/c/1/c1e0c789.gif
The following are the reference points for buying more and the unrealized gains.
【Reference points for buying more (1)–(4) unrealized gains】
(1) 100 pips reversal + 84.3 pips
(2) Break of the previous high + 124.6 pips
(3) MACD positive crossover + 141.5 pips
(4) MACD Signal positive crossover + 177.8 pips
Also, forecasting the completion of the double-bottom reversal and entering at a 100-pip rebound from the bottom 124.621 of the N-shape entry indicator, the unrealized gains at each reference point are as follows.
【If bought at 124.621 with a 100-pip rebound point】
Early entry with a forecast of the double-bottom reversal is also possible
Unrealized gains at MACD buying reference level are
(1) +167.9 pips (2) +208.2 pips (3) +225.1 pips (4) +261.4 pips
In June, the EUR/JPY is steady.
The two indicators used today are as follows.
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http://fxmt4indicator.abproducts.biz/wp/?page_id=2060
Displays non-repainting arrows for N and inverted N shapes, with email alerts!
Clearly shows the highs and lows promoted by Dow Theory and Elliott Waves!
Compatible with all time frames from 1-minute to weekly!
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http://fxmt4indicator.abproducts.biz/wp/?page_id=515
Automatically determines the trend, signals by MACD and Signal cross, and
crosses at 0 level for signal emails!
////////////////////////////////////////////////////////////////////////////////Thank you very much for reading up to here today.
Well then, take care and stay well.
Technical Trade Blog Ranking
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Publisher: Art Brain Products
FX Technical Strategy Researcher
Satori Mind
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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