hey traders,
I am still looking for signals to sell very overbought market on dollar yen.
on 4h chart RSI is heavily overbought.
now I am waiting for a bearish violation of a rising wedge pattern.
as you see the market is coiling around 111.1 level and we see rejection candles.
your target will be based on structure.
stop will be above the market high.
good luck!
Note
breakoutNote
hit the initial targetNote
attempt to go lowerNote
holding the position
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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.