Price testing resistance and 200SMA on a daily chart. Great risk-reward to short here. Indices also testing resistance, a bounce could signal JPY strength. Target to see if we respect the yellow trend line.
From a bigger perspective could look like an inverse H&S, but the trend before it is not big enough for a proper setup.
From a bigger perspective could look like an inverse H&S, but the trend before it is not big enough for a proper setup.
Note
Looks like a double top, can add more shorts on the break lower
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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.