dumisonkomo

dumisonkomo

USDJPY SHORT

dumisonkomo

perfect continuation pattern on USDJPY with good RR.

dumisonkomo

the polish zloty has been bullish for the past year, and i believe in the process it has formed an ascending channel. the price has reached the resistance of the channel and it has slightly formed a double top in the process. going short at the current market price is the best thing to do, with a really tight stop the risk reward ratio is impressive.

dumisonkomo

As we can see price is gradually approaching our trend line and on the same trend line we have a 61.8 fib retracement level. All technicals indicate a downward momentum.