USDJPY bear flag breakout

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.

Comentário:

Previous analysis:

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

Ordem cancelada:

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