almost completed bearish abcd pattern

hey traders,

I am back from vacation and ready to work:)
I have a nice trading opportunity for you on dollar yen pair.

First of all, look at a daily chart.
You see that the market is close to a significant level of structure.

Oh a 4hour chart we see a nice potential harmonic move,
the D point (top of the second green impulse) matches with this level.

However, when I trade abcd pattern I am always looking for confirmation signal before taking action.
I will be looking for a bearish violation of this rising trendline.
Only after the market breaks this level, I will sell!

My initial target will be just bit above 110.0

Good luck!

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Testing 111.0

Bình luận:

market is in a local consolidation

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market finally is going down