trading plan for dollar yen: overbought market + structure

15 באפר׳ 2019

This trade idea is sponsored by trusted broker! Find the link in my signature below!

hey traders,

since 11th of April this pair is strongly bullish.
after a decent bullish impulse, breaking multiple levels of resistance,
the market has finally reached a recent market high 112.0



with RSI being overbought with an evident divergence,
I am looking for a short trade.

we need to let the market correct itself before it can continue further.

your targets for short are 111.75
and 111.50

stop above the top!

good luck!

15 באפר׳ 2019

הערה

still in sidemove

16 באפר׳ 2019

הערה

Retest of support

16 באפר׳ 2019

הערה

Market still consolidates