USDJPY Possible failure at resistance
The USDJPY failed to sustain the intraday break above latest swing high and resistance
Targets are outlined on chart, my stop will be a candle closing above the recent high 105.00
Remember,
-Learn, practice, plan, then trade..
-Never risk more than 5% of your capital on a single trade
Best regards,
Technician
- Testing Previous swing high and resistance area among 104.30-104.50
- The price formed a bearish engulfing 8-hour candle
- Bearish divergence on RSI
- Shooting star candle on the daily chart
Targets are outlined on chart, my stop will be a candle closing above the recent high 105.00
Remember,
-Learn, practice, plan, then trade..
-Never risk more than 5% of your capital on a single trade
Best regards,
Technician
Trade closed: stop reached
Stopped out on the trade
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