This is my analisis fron M5, hope is right according the setup wizlon32
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Disliked{quote} It would be better if you show the whole chart so we can see the TF and the RSI window.Ignored
Disliked{quote} I came a little late. The graph is M5. We are short of H1. {image}Ignored
DislikedA likely entry could be USDJPY? Of H1 we are long and M5 is pullback. 3 As soon as RSI back above 50 could try to buy?Ignored
Disliked{quote} Well done on bagging a few pips! It is not an ideal setup, mainly because there is no pullback with 3 RSI going above 50. The HTF MAs don't look great on M5 but you can see on H1 that they do look to be about to cross. If you can make money even when the setup is not ideal then you are on to a winner in my book. For your next trade see if you can grab a text book entry, or close to one. Lastly please get rid of that RSI Histogram? You don't need it. A normal RSI line is much easier to read.Ignored
Disliked{quote} Possible but looks like we have hit strong resistance. Also if you look at the current leg up you can see higher volume at the tops than the bottoms. This indicates selling at the highs. {image}Ignored
Disliked{quote} Thank you. How pullback RSI 3 I considered the circled in the figure therefore I said I'm late. {image}Ignored
Disliked{quote} Oh I see. But at that point the HTF MAs were still saying that H1 was long. Now if you had taken it as a H1 trade using the H4 HTF MAs that would have been a good entry.Ignored
Disliked{quote} I get it. I had to wait for the intersection of two 120EMA. Right?Ignored
Disliked{quote} Thank you. How pullback RSI 3 I considered the circled in the figure therefore I said I'm late. {image}Ignored
DislikedI wanted to try the buy USDJPY. Even though I was in the neighborhood of a resistor I had a very low take profit. Taken in full. {image}Ignored
Disliked{quote} Good Man, well done And thank you for losing that horrible RSI HistogramIgnored
Disliked{quote} As suggested by Wizlon is not a good trade because the two EMA are not crossed.Ignored