5-minute chart indiors have turned SHORT . . There is not any trad here on usdjpy now.
It is in 1.3000 major double zero support, along with also the xForecaster is turning green on 1-hr chart and it is forming a pin bar candle. If yu are an aggressive trade with some risk tolrance and need in early (before all conditions are met on 1-hr), then you might want to jump in on the 5-minute when conditions are fulfilled there
Just be cautious here in the price is near the high of the day in 83.35 (flat cyan line from the chart) it could dip, or if it gets thrugh it will hae a nice run up. . Just watch price here carefully
You've got it correctly.
I rarely ever exchange usdjpy since it's super slow and contains little range generally, but that maybe great for some people and suites they style of trading .
TESTING : I have loaded $Y simply to try and get used to the new method.
Hourly is in an uptrend but 5 Min is having a relaps:
Watch for a long eurjpy here as it is at the border of he hourly channel and should bounce up from here