I share my view of this short opportunity:
USDJPY
On H4
3. RSI OS on arrowed candle -> leading to regular bearish divergence (possible signal for reversal)
4. 61.8 from bigger swing (marked as 1)
5. structure at points 2, 3, 4
On H1
6. Last 3 candles "respected" 120.30
7. since number 6) small SL above highs of las 3 candles
Maybe in Future:
1. Potential bull bat (orange)
2. POTENTIAL bear gartley (blue): for this, there is still no clue if C will complete. If this gartley completes, it will do a very good structure
As always, comments are welcome
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Rafael
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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.