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KISSTRADING

Great Risk reward structure trade

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
KISSTRADING  
FX:USDJPY   U.S. Dollar / Japanese Yen
structure risk risk_reward Parallel Channel breakout rsi_divergence rsi_oversold rsi_overbought
4
1
structure risk risk_reward parallelchannel breakout rsi_divergence rsi_oversold rsi_overbought
Just noticed this trade guys. I'm not taking it because it's not yet part of my plan but it looks promising so deemed it worthy of a share. The risk reward profile has the potential to be high.

Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are at a strong resistance level, higher time frame trend is down.
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