BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY. TS YOUR TP Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 7, 2015 3:12 PM

BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY.

I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!

Have a good one.

CharlieFX

Comment

⋅ Dec 7, 2015 4:59 PM

If you are an aggressive trader, you can move your stop to the green resistance line!

Although for this case, I am conservative.

Trade closed manually

⋅ Dec 8, 2015 10:32 AM

Closed @ 123.032 >> 240pips TP

Another Pattern was spinning up.