K0KETSO

yen basket sell

Short
FX:JPYBASKET   FXCM Yen Index Basket
• this pair has formed a channel on the daily and weekly timeframes

• and for the past trading days it has formed an upward correction on the DAILY and H4, after a huge bearish impulse

• a third touch on the corrective pattern happened yesterday so market was bearish today and i'm looking to see it carry on it's bearish trend until the support of the channel

• an inner trendline formed on the H1 and H4, it has been broken together with a support level which makes it able to SHORT the YEN BASKET (H1 closed below support) if we had missed the initial breakout

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