Get started
cvfxwealth

USDJPY King's Crown Sell Signal

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
cvfxwealth Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Trend Lines Head and Shoulders kingscrown-reversal sellsignal forexideas tradingideas USDJPY japaneseyen DJ FXCM Index
5
2
supportandresistance trendline headandshoulders kingscrown-reversal sellsignal forexideas tradingideas usdjpy japaneseyen usdollar
We have a right tip confirmation for King's crown bear signal.

We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area.

Indicators:
1. New low created (yellow dot)
2. RSI on daily and 4 hr in strong sell zone.
3. Right tip created.

Entry @ current price of 105.65

TP 1 @ 105.00
TP 2 @ 104.75


Good luck trading!

Charles V
CVFXmanagement.com
Trading made Simple
Comment:
Down trend line broken upwards, take losses or sell down to backside of downtrend line @ 105.80.

Technicals still point south but it is better to be safe when trading FX.

Related Ideas

cvfxwealth
USDJPY Sell Update - Downwards channel
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.