USDJPY bear flag breakout

2 de dez. de 2018

Friday at the close there was an attempt to break up but instead it got rejected and sold of. Now that trend line have been broken and we got a sell signal on the 4H candle as well. If we open around the current price i might short it with a half size and wait and see how things go first. We can still see a retest of that former support line. I want to see that retest succeed first before entering the other half. I have 2 targets, the second one is the blue circle.


Previous analysis: Here you can see why a successful retest is important.

2 de dez. de 2018

Nota

Previous analysis:

Here you can see why a waiting for confirmation is important.

2 de dez. de 2018

Ordem cancelada

Opening straight above resistance level. Can still drop, but no pattern to go on yet.