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!
Note
Testing 111.0Note
market is in a local consolidationNote
market finally is going down
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.