USDJPY possible descending triangle bearish breakout + retest?

2018年6月18日

TECHNICAL:

Reason 1:
-RSI Bearish divergence
Reason 2:
-Descending triangle pattern formed
-Broke out + possible retest

FUNDAMENTALS:

-Possible escalation of trade war with china, canada, france

2018年6月18日

交易進行

Looking like nice rejection off the previous support of the descending triangle.

Trade placed @ 110.471
SL @ 110.745
TP to be updated

2018年6月18日

註釋

Forgot to mention:
- On 1hr chart at open a shooting star was formed- price gapped up, formed a bearish hammer candlestick then gapped down
-On 4hr chart price continued to move down and formed a nice bearish engulfing candlestick indicating possible bearihs movement.

2018年6月18日

註釋

Price now rejected resistance twice on the 15min chart with two nice wicks above to close below

2018年6月18日

取消訂單

Price now moved above upper descending trendline of triangle pattern. Trade closed.