Just another idea, I wont trade this since I don't trade ranges & this could be a possible trend change. But considering the R:R which is 1:3, this is not bad at all.
Reasons to sell
-Yen is strong overall against all other pairs.
-Currently close to the top of the this range
-There is a Bearish CYPHER Pattern, which just completed.
-Look for RSI overbought condition before selling
-Plus a reversal candle signal for extra confirmation
Reasons to sell
-Yen is strong overall against all other pairs.
-Currently close to the top of the this range
-There is a Bearish CYPHER Pattern, which just completed.
-Look for RSI overbought condition before selling
-Plus a reversal candle signal for extra confirmation
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.