USDJPY_Head & shoulder_Short
Altho the price still above ema 50 and ema 200 at 4H frame which reminds an uptrend, however,
As the indicators shown:
-There is a divergence to RSI 34 and MACD at 4H frame
- The candle stickers start crossing over the Ichimoku cloud at 4H frame
- Zoom out at 1day frame, there is a clear evening star sign.
which also confirmed a nice Head & Shoulder pattern ...
As much as I love this pair to go long quicker, it's gonna go down first... for a while...
Tp1: 107.6
Sl: above the neckline
Good luck
As the indicators shown:
-There is a divergence to RSI 34 and MACD at 4H frame
- The candle stickers start crossing over the Ichimoku cloud at 4H frame
- Zoom out at 1day frame, there is a clear evening star sign.
which also confirmed a nice Head & Shoulder pattern ...
As much as I love this pair to go long quicker, it's gonna go down first... for a while...
Tp1: 107.6
Sl: above the neckline
Good luck
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