trading plan for dollar yen: overbought market + structure

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hey traders,

since 11th of April this pair is strongly bullish.
after a decent bullish impulse, breaking multiple levels of resistance,
the market has finally reached a recent market high 112.0

with RSI being overbought with an evident divergence,
I am looking for a short trade.

we need to let the market correct itself before it can continue further.

your targets for short are 111.75
and 111.50

stop above the top!

good luck!

تعليق:

still in sidemove

تعليق:

Retest of support

تعليق:

Market still consolidates