signal to sell overbought pair

Feb 14, 2019

hey traders,

I am still looking for signals to sell very overbought market on dollar yen.

on 4h chart RSI is heavily overbought.


now I am waiting for a bearish violation of a rising wedge pattern.
as you see the market is coiling around 111.1 level and we see rejection candles.

your target will be based on structure.

stop will be above the market high.

good luck!

Feb 14, 2019

Note

breakout

Feb 14, 2019

Note

hit the initial target

Feb 14, 2019

Note

attempt to go lower

Feb 15, 2019

Note

holding the position