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!
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