trading plan for dollar yen: overbought market + structure

Apr 15, 2019

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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!

Apr 15, 2019

Note

still in sidemove

Apr 16, 2019

Note

Retest of support

Apr 16, 2019

Note

Market still consolidates