USDJPY was in distribution phase after a bull run. Created a divergence on RSI and now created a head and shoulder for reversal. Broke the neckline of head and shoulder and is expected to go bearish.
It was accumulated and then went for bull run and getting dropped after the distribution phase.
It was accumulated and then went for bull run and getting dropped after the distribution phase.
Trade closed: target reached
Target Achieved.
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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.