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VasilyTrader
15 avr. 2019 06:22

trading plan for dollar yen: overbought market + structure Short

U.S. Dollar/Japanese YenFXCM

Description



This trade idea is sponsored by trusted broker! Find the link in my signature below!

hey traders,

since 11th of April this pair is strongly bullish.
after a decent bullish impulse, breaking multiple levels of resistance,
the market has finally reached a recent market high 112.0



with RSI being overbought with an evident divergence,
I am looking for a short trade.

we need to let the market correct itself before it can continue further.

your targets for short are 111.75
and 111.50

stop above the top!

good luck!


Commentaire

still in sidemove

Commentaire

Retest of support

Commentaire

Market still consolidates
Commentaires
Wolf_of_Forex
i have a simulate idea. However you are Spot on!
VasilyTrader
@Wolf_of_Forex, good that we have the same view)
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