Opinions? Sell position in USDJPY.
Going for a sell position in USDJPY: In D1 ema(200) hitting peak, adx up but seems to be getting weaker, rsi and %r reveal a overbought situation. In W1 its the sma(50) hittingthe peak but the ema Is uptrending, adx same as D1. Hoping yo get down till 144 or 145 where the support line Is. Still in doubt for adx in D1 and ema(200) in W1.
Price is currently going up. What has happened for price to go down? ... and the answer is not "some indicator said price will go down". What has actually changed? Has there been news or something else to change the momentum?
Take any asset, say your home is going up in value. Would you suddenly wake up and bet that it's going to go down because ADX says so? Or would you think