USDJPY / D / Technical Analysis
Updated
Following the bull trend from Couple of weeks Market has now reached a strong resistance level where we can analyze techincally that market can correct from this strong Resistance level and reverse
We have different confirmations to take this trade
1-RSI overbought on Daily
2-Engulfing on H4
3-Strong resistance level
4-RSI overbought on H4
We can short now with stops above swing high,, With short stoploss we have good probability of reaching multiple targets on this one,,
Multiple targets will be taken on next daily support levels which are mentioned
If you agree please do appreciate our work with your likes and comments.
GOOD LUCK
Trade Green
We have different confirmations to take this trade
1-RSI overbought on Daily
2-Engulfing on H4
3-Strong resistance level
4-RSI overbought on H4
We can short now with stops above swing high,, With short stoploss we have good probability of reaching multiple targets on this one,,
Multiple targets will be taken on next daily support levels which are mentioned
If you agree please do appreciate our work with your likes and comments.
GOOD LUCK
Trade Green
Note
OVerbought on H4Trade closed: target reached
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