USDJPY_Head & shoulder_Short
Altho the price still above ema 50 and ema 200 at 4H frame which reminds an uptrend, however,
As the indicators shown:
-There is a divergence to RSI 34 and MACD at 4H frame
- The candle stickers start crossing over the Ichimoku cloud at 4H frame
- Zoom out at 1day frame, there is a clear evening star sign.
which also confirmed a nice Head & Shoulder pattern ...
As much as I love this pair to go long quicker, it's gonna go down first... for a while...
Tp1: 107.6
Sl: above the neckline
Good luck
As the indicators shown:
-There is a divergence to RSI 34 and MACD at 4H frame
- The candle stickers start crossing over the Ichimoku cloud at 4H frame
- Zoom out at 1day frame, there is a clear evening star sign.
which also confirmed a nice Head & Shoulder pattern ...
As much as I love this pair to go long quicker, it's gonna go down first... for a while...
Tp1: 107.6
Sl: above the neckline
Good luck
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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.