USDJPY potential Double Top Reversal
Hi guys,
today I got entered on a outstanding order I put in on the 16.04 after the Hightest occured.
A bit of negative confluence is the chopiness prior to the occurence of the hightest, however the path of least resistance on this pair is to the downside.
With overall 5 Confluence factors this is another B type setup. I would've loved some bearish MACD divergence, sadly there is non present at the time of the entry.
Entry was as shown on the chart, stop is protected by recent highs and the target is above the next support zone.
Happy trading and best wishes
today I got entered on a outstanding order I put in on the 16.04 after the Hightest occured.
A bit of negative confluence is the chopiness prior to the occurence of the hightest, however the path of least resistance on this pair is to the downside.
With overall 5 Confluence factors this is another B type setup. I would've loved some bearish MACD divergence, sadly there is non present at the time of the entry.
Entry was as shown on the chart, stop is protected by recent highs and the target is above the next support zone.
Happy trading and best wishes
Trade closed: stop reached
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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.