There was a drop
in the price and a retest of the uptrend channel
. I would like to see a trend reversal and the formation of a downtrend. Price is in a MRA, RSI
indicates a sell on the weekly timeframe
, once JPY is stronger on a larger timeframe, this is a strong sell. Also take into consideration fundamentals, Sunday (7/10/18) is a Japanese bank holiday and Monday (8/10/18) is an American bank holiday. So this trade is a potential set up for Monday as JPY would get stronger due to US bank holiday.