U.S. Dollar / Japanese Yen

Short

double top + rsi divergence

By VasilyTrader

Updated

snapshot

hey guys,

dollar yen is still standing around a resistance line of a rising channel.

snapshot

we have a nice confirmation reversal pattern to sell the market.
I will be waiting for a bearish violation of 111.7 to open selling position.

the initial target is based on structure and support line of a rising channel.

the second target is based on a lower support level.

preferably you stop is above tops,
however, you can also set it around 111.9

good luck!

Note

Attempt to break support

Trade active

Note

hit the initial target

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