USD/JPY Short on Correction
Overextension of USD/JPY
Fib level testing .236 and can possibly breakdown to .618 level
RSI(5) Breakdown
Previous proven ABCD Pattern, Another ABCD Pattern is present
Potential Breach of 9Day EMA Tomorrow,
Up Side Down hammer candle yesterday signaling selling pressure
Fib level testing .236 and can possibly breakdown to .618 level
RSI(5) Breakdown
Previous proven ABCD Pattern, Another ABCD Pattern is present
Potential Breach of 9Day EMA Tomorrow,
Up Side Down hammer candle yesterday signaling selling pressure
Trade active
Looking nice aswell on the Bollinger bands, medium risk setup in my opinion, will scale in if downtrend occursNote
Breach of 9Day EMA on the 1day chartRSI(5) on 1 day chart below 50
Trade closed manually
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