Dólar Americano/Iene JaponêsViés de baixa
USDJPY Bearish Cypher update. Another short opportunity?
Bearish cypher completed. Target 1 met at 0.382 retracement of CD leg.
Market has reversed and looks like it wants to test the PRZ area. This may be an opportunity to short again. I would only short now if it reaches the yellow line.
Reasons to short now:
1) RSI bearish divergence.
2) Retest of breakout (yellow line)
3) Retest of PRZ.
3) RSI overbought area
4) Top of the bollinger band
Thanks for looking!
Market has reversed and looks like it wants to test the PRZ area. This may be an opportunity to short again. I would only short now if it reaches the yellow line.
Reasons to short now:
1) RSI bearish divergence.
2) Retest of breakout (yellow line)
3) Retest of PRZ.
3) RSI overbought area
4) Top of the bollinger band
Thanks for looking!
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