Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

USDJPY technical analysis 15 May 2023 #forex #forexeducation #forexsignals #forexanalysis

15 May 2023 · 1 min

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Vladimir Ribakov analyzes USD/JPY price action and identifies a negative divergence: price making higher highs while a technical indicator makes lower highs. This weakening momentum between swing highs suggests sellers may soon step in, signaling a potential pullback or reversal.

Chapters

So the first scenario here is the following. We want to see this fake high completing, okay, ideally to one of these levels. What I will be following personally is that between the highs— I'll draw the 3 options— there will be some divergence. So higher highs on the chart but lower highs on the indicator. This would be a great sign that While the buyers are pushing, the mathematics behind this push or behind this rally is basically creating a negative deviation, negative divergence, and gives a sign that the sellers would start and develop their appetite. So also between the big two swing highs, we might see the same story: higher highs on the chart.