Potential reversal
I’ll go short and my reasons:
1. Price is at daily & 4H resistance
2. JPYX is at support level
3. RSI & stoch osc is at overbought level in 4H & 1H timeframes
4. Awesome Osc shows a divergence
5. At this zone, recent history (4H) is showing a bearish engulfing
Execution plan:
1. Sell only after price action in 15 minutes formed a HL and LL structure
2. My take profit in partial is in green dashed line
3- Stop loss is above the previous 1H candle[
Please click the Like button if my idea gives you some ideas and $$$
1. Price is at daily & 4H resistance
2. JPYX is at support level
3. RSI & stoch osc is at overbought level in 4H & 1H timeframes
4. Awesome Osc shows a divergence
5. At this zone, recent history (4H) is showing a bearish engulfing
Execution plan:
1. Sell only after price action in 15 minutes formed a HL and LL structure
2. My take profit in partial is in green dashed line
3- Stop loss is above the previous 1H candle[
Please click the Like button if my idea gives you some ideas and $$$
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