JP225 - Potential Bearish Reversal!

OANDA:JP225USD   Japan 225
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JP225 is sitting around a strong round number 30k so we will be looking for sell setups on lower timeframes.

on M30: JP225 formed like a double top pattern but it is not ready to go yet. We want the sellers to take over by breaking below the last low.

Trigger => Waiting for a momentum candle below the gray area to sell.

Until the sell is activated, JP225 would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL indicator



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