bruzzese1

USDJPY Short on divergence, resistance, TCT

Short
bruzzese1 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
4
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.
Trade active:
Entry: 106.68
S/L: 107.60
TP1: 104.62
TP2: 102.85

Trade closed: target reached:
Both targets achieved. Sweet trade
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.