USDJPY Short on divergence, resistance, TCT
Updated
USDJPY is entering an area where I believe there is a strong potential for a bearish move.
0.618 retracement
Divergence on 4hr MACD and RSI
Resistance from top of channel
Waiting for another small up move, may enter short upon downward breakout of minor trend line.
0.618 retracement
Divergence on 4hr MACD and RSI
Resistance from top of channel
Waiting for another small up move, may enter short upon downward breakout of minor trend line.
Trade active
Entry: 106.68S/L: 107.60
TP1: 104.62
TP2: 102.85
Trade closed: target reached
Both targets achieved. Sweet tradeDisclaimer
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