signal to sell overbought pair

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!

ความคิดเห็น:

breakout

ความคิดเห็น:

hit the initial target

ความคิดเห็น:

attempt to go lower

ความคิดเห็น:

holding the position