The first trade is of the USD/JPY. The 4 – hours 89’s and 144’s are in sell mode, as are the 30 – minutes.
The first chart shows some perspective of where overbought and
oversold actually are.
The chart is a 30 – minute chart and you can clearly see that there are two high points in both price and in all three indictors.
Because you are in sell mode according to our trend (4 – hour & 30 – minute charts) these peaks are a great time to sell the market .
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