Euro vs Japanese Yen Sell Limit Order, Posted a Bullish Hammer Bottom on the 4 hour chart
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher
Further upside is expected although we prefer to buy into dips close to the 156.97 level
Although the anticipated move higher is corrective, it does offer ample risk/reward today
