Alexius Agrata / Profile
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at
MRG Trade
About 11 years of trading stocks, futures, indices, and forex.
Trust in price action with indicator.
Trust in price action with indicator.
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![Alexius Agrata](https://c.mql5.com/avatar/2020/1/5E19DB4F-8932.jpg)
Alexius Agrata
Whats ur take on this?.. If price respects the Double Bottom pattern and we can look at this just like a retracement of the neckline, also if the area around that level holds, then we can expect a continuation to the upside towards 0.98000. However if the level fails then we can guess what will happen.
![](https://c.mql5.com/1/168/Screenshot_4.png)
![Alexius Agrata](https://c.mql5.com/avatar/2020/1/5E19DB4F-8932.jpg)
Alexius Agrata
Currently, USDJPY's price is currently caught between a strong supply and resistance zone . The price action combined with the Relative Strength Index is staying strong, but USDJPY has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish , and a downtrend or valuation adjustment could soon follow.
![](https://c.mql5.com/1/168/Screenshot_3__1.png)
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