RSI AND STRUCTURE AGREES WITH HARMONIC BEARISH SHARK PATTERN.
Hello traders,
we have a nice trade oppurtunity at USDJPY on 4H chart.
TECHNICALLY POINTS
1.As we see at the chart we have a bearish Shark pattern completion.
2.We also have bearish RAI divergence.
3.Stochastics are in overbought level.
4.200EMA have a descending slope so shorts trades are favoring.
5.We broke important trendline and we haven't seen a retest yet.
6.We are approaching an important resistance area based on previous structure.
POSSIBLE SHORT TRADE
BUY STOP AT 112
FIRST TARGET AT T1 110.440
SECOND TARGET AT 109.800
THANKS FOR SUPPORT!
HAPPY TRADING AND HAPPY PROFITS GUYS!
we have a nice trade oppurtunity at USDJPY on 4H chart.
TECHNICALLY POINTS
1.As we see at the chart we have a bearish Shark pattern completion.
2.We also have bearish RAI divergence.
3.Stochastics are in overbought level.
4.200EMA have a descending slope so shorts trades are favoring.
5.We broke important trendline and we haven't seen a retest yet.
6.We are approaching an important resistance area based on previous structure.
POSSIBLE SHORT TRADE
BUY STOP AT 112
FIRST TARGET AT T1 110.440
SECOND TARGET AT 109.800
THANKS FOR SUPPORT!
HAPPY TRADING AND HAPPY PROFITS GUYS!
Trade active:
Nice price action..
Trade closed: stop reached
