Lingrid | USDJPY divergence at strong RESISTANCE zone

2 065
The price perfectly fulfills my last idea. The price has tested the resistance zone and it formed divergence after the 2 attempts to continue trending. The market did not updated its highs, it fell from resistance and formed a range zone. The price made divergence, on the 4H timeframe as well. I look forward a breakout of range then fall from it because the market is bearish. My goal is to support 132.300

https://www.tradingview.com/chart/USDJPY/RiCowMT8-Lingrid-USDJPY-fall-from-STRONG-RESISTANCE-zone/

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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.