Dolar A.S. / Yen Jepun
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signal to sell overbought pair

syot kilat

hey traders,

I am still looking for signals to sell very overbought market on dollar yen.

on 4h chart RSI is heavily overbought.
syot kilat

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!
Nota
breakout
Nota
hit the initial target
Nota
attempt to go lower
Nota
holding the position

Penafian