bearish flag pattern on dollar yen

27 ก.พ. 2019

hey guys,

very interesting market sentiment on usdjpy pair.

as you see, we have a very nice rising channel.
reaching 111.0 level we see a formation of a double top pattern and rsi divergence.
the market leaves us clues that bullish momentum is exhausted and potentially
bears start to pressure the market.

right now I will be looking for a bearish violation of 110.4 level.
this violation will trigger a massive selling reaction from market participants,
so we can anticipate strong bearish movement to lower levels.

good luck!

27 ก.พ. 2019

บันทึก

no breakout...
retest of the high

28 ก.พ. 2019

ออร์เดอร์ถูกยกเลิก

new higher high