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ChristiannThind
21 feb 2018 23:47

USDJPY Sell Kort

U.S. Dollar/Japanese YenFXCM

Beskrivning

Idea is to take a short when price meets the Trendline and Resistance. Harmonic pattern is another confirmation for reversal.
I'll also be looking for a dog or engulfing candle for extra confirmation of bearish move.

Price may currently move lower from where it is. 1 hr shows double top.

This setup is in bias correlation with the EURUSD, GOLD, and DXY charts.

Kommentera

An additional insight, price also formed a wick to the low touching the 14 and 50 ema's, which may give price enough momentum to break though resistance.
Mer