USDJPY / D / Technical Analysis

1 thg 10, 2018

Following the bull trend from Couple of weeks Market has now reached a strong resistance level where we can analyze techincally that market can correct from this strong Resistance level and reverse
We have different confirmations to take this trade
1-RSI overbought on Daily
2-Engulfing on H4
3-Strong resistance level
4-RSI overbought on H4
We can short now with stops above swing high,, With short stoploss we have good probability of reaching multiple targets on this one,,
Multiple targets will be taken on next daily support levels which are mentioned
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GOOD LUCK
Trade Green

1 thg 10, 2018

Ghi chú

OVerbought on H4

9 thg 10, 2018

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