signal to sell overbought pair

14. Feb. 2019

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!

14. Feb. 2019

Anmerkung

breakout

14. Feb. 2019

Anmerkung

hit the initial target

14. Feb. 2019

Anmerkung

attempt to go lower

15. Feb. 2019

Anmerkung

holding the position