USDJPY Sell Idea
D1 - Price bounced from top of the range, bearish convergence created.
H4 - Triple cycle down followed by false break with divergence. If we get a double wave up to the 112.30 – 112.80 zone we can start looking for sells.
Alternatively on the H1 chart if we get a triple wave up followed by double wave down, we can look for buys with the breakout of the most recent trend line, if we get that then make sure the risk reward is good aiming the target as the 112.30 – 112.80.
If the risk reward is not good then ignore this buy trade.
H4 - Triple cycle down followed by false break with divergence. If we get a double wave up to the 112.30 – 112.80 zone we can start looking for sells.
Alternatively on the H1 chart if we get a triple wave up followed by double wave down, we can look for buys with the breakout of the most recent trend line, if we get that then make sure the risk reward is good aiming the target as the 112.30 – 112.80.
If the risk reward is not good then ignore this buy trade.
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