hey traders,
on dollar yen there are multiple trading signals, indicating us the exhaustion of bullish move on this pair.
1) rising channels that is finally violated
2) ascending triangle that is also broken
3) local head and shoulders with violated neckline
many signals, right?
however, I am still focused on 109.2 level.
It feels like it is the last bulls resort, so I am waiting for its violation.
We need to wait until the candle closes below this level on 4h chart.
Then we can take actions.
The initial target is around 108.7
stop above 110!
good luck!
Note
test of structureNote
false violationNote
market is going down 
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✅Join My Telegram Channel: t.me/VasilyTrading
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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.