great trading opportunity on dollar yen

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syot kilat

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
syot kilat

2) ascending triangle that is also broken
syot kilat

3) local head and shoulders with violated neckline
syot kilat

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!
Nota
test of structure
Nota
false violation
Nota
market is going down syot kilat
Pivot PointsSupply and DemandSupport and Resistance

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