H4 time frame.
Structure: Uptrend.
After showing a divergence with the MACD and a double top pattern, USDJPY price broke through the Key level at 112,700.
Waiting for the price to return to the 50-61 Fibo value zone of the strong down move at 114,500 and a bearish reversal signal will appear, then we can look for selling opportunities.
The profit target is the 112,000 price zone.
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Wish you all have a good trading day!
Structure: Uptrend.
After showing a divergence with the MACD and a double top pattern, USDJPY price broke through the Key level at 112,700.
Waiting for the price to return to the 50-61 Fibo value zone of the strong down move at 114,500 and a bearish reversal signal will appear, then we can look for selling opportunities.
The profit target is the 112,000 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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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.
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.