great trading opportunity on dollar yen

hey traders,

on dollar yen there are multiple trading signals, indicating us the exhaustion of bullish move on this pair.

1) rising channels that is finally violated

2) ascending triangle that is also broken

3) local head and shoulders with violated neckline

many signals, right?
however, I am still focused on 109.2 level.

It feels like it is the last bulls resort, so I am waiting for its violation.
We need to wait until the candle closes below this level on 4h chart.
Then we can take actions.

The initial target is around 108.7

stop above 110!

good luck!

Kommentar:

test of structure

Kommentar:

false violation

Kommentar:

market is going down