almost completed bearish abcd pattern
Updated
hey traders,
I am back from vacation and ready to work:)
I have a nice trading opportunity for you on dollar yen pair.
First of all, look at a daily chart.
You see that the market is close to a significant level of structure.
Oh a 4hour chart we see a nice potential harmonic move,
the D point (top of the second green impulse) matches with this level.
However, when I trade abcd pattern I am always looking for confirmation signal before taking action.
I will be looking for a bearish violation of this rising trendline.
Only after the market breaks this level, I will sell!
My initial target will be just bit above 110.0
Good luck!
Note
Testing 111.0Note
market is in a local consolidationNote
market finally is going down
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