USDJPY Price channel, resistance levels and Divergency- SELL
This idea is based on a price channel, resistance levels for likely sell zone and possible buy zone. The short position has been opened with the bearish divergency (1,2,3) as shown. This position will be mostly closed once the bottom of the price channel is reached, when the price crosses the channel lines possible T/P 2 as shown
Trade carefully protect your capital with s/l, the above is just an idea not a trading advice
Trade carefully protect your capital with s/l, the above is just an idea not a trading advice
Trade closed: target reached
first target reached lets wait till the channel price tunnel is broken then t/p 2 is our next stopNote
going for the next t/p target! T/P2 112.075
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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.