trading the market in the channel using confirmation signal

2019年3月4日

hey traders,

we have a nice potential selling opportunity on dollar yen.

first of all, looking left we see that the market approaching a decent zone of resistance.
secondly, we see that from January the market goes up in an ascending parallel channel,
and has just touched its resistance line.

on a lower time frame we see very overbought rsi and formation of head and shoulders pattern.
I will be waiting for a bearish violation of a neckline.
My target will be based on structure around 111.2
and stop will be above head.
I also suggest you close half of your position when the market reaches 111.5.

good luck!

2019年3月4日

註釋

going down

2019年3月4日

交易進行

2019年3月4日

註釋

Retest of neckline

2019年3月5日

註釋

test of right sholder

2019年3月8日

交易結束：目標達成