JPY/CNH: SYMMETRICAL TRIANGLE BROKE-OUT
Hello traders!
As you can see from the chart above, JPY/CNH just broke out! I think that the price will continue to go down for two reasons:
- MACD LINE crossed SIGNAL LINE -> STRONG BEARISH MOMENTUM (it’s getting stronger)
- RSI is not OVERSOLD yet so there is a good range for the price to continue its downhill
Go short until the TARGET (dotted line) and remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.