A golden opportunity to short the Yen Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Nov 12, 2020 5:45 PM

The chart says it all -

1. A strong trendline
2. Bearish price action at the trendline resistance
3. The moving average set pointing doing, and acting as resistance
4. The overbought 3 period RSI dipping below its 4 period EMA, as it moves down from overbought

Technical Indicators