USDJPY possible descending triangle bearish breakout + retest?

18 Haz 2018

TECHNICAL:

Reason 1:
-RSI Bearish divergence
Reason 2:
-Descending triangle pattern formed
-Broke out + possible retest

FUNDAMENTALS:

-Possible escalation of trade war with china, canada, france

18 Haz 2018

İşlem aktif

Looking like nice rejection off the previous support of the descending triangle.

Trade placed @ 110.471
SL @ 110.745
TP to be updated

18 Haz 2018

Not

Forgot to mention:
- On 1hr chart at open a shooting star was formed- price gapped up, formed a bearish hammer candlestick then gapped down
-On 4hr chart price continued to move down and formed a nice bearish engulfing candlestick indicating possible bearihs movement.

18 Haz 2018

Not

Price now rejected resistance twice on the 15min chart with two nice wicks above to close below

18 Haz 2018

Emir iptal

Price now moved above upper descending trendline of triangle pattern. Trade closed.