MasoodAnsari

USDJPY In Bearish Reversal

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has recently shown a bearish trend reversal by forming lower highs (LHs) and lower lows (LLs) after a bearish divergence at higher highs (HHs) and higher lows (HLs). To enter the trade accurately, use the Fibonacci tool for precise entry points. Set the previous LH as the stop loss and aim for two target profits: tp1 with a 1:1 ratio and tp2 with a 1:2 ratio.
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