19-11-2023 _ Short Term Bearish Idea _ USDJPY H4
Bearish Divergence near weekly resistance line.
Bearish trending structure.
Trendline breakout by a long bearish breakout candle.
No Divergence against.
Entry: Retest of the trendline OR break of the most recent LL
TP: 38.2% Fibo. Retracement of the last bullish leg (Daily)
SL : Above weekly resistance line
Bearish trending structure.
Trendline breakout by a long bearish breakout candle.
No Divergence against.
Entry: Retest of the trendline OR break of the most recent LL
TP: 38.2% Fibo. Retracement of the last bullish leg (Daily)
SL : Above weekly resistance line
Trade active
Close half lot size and move SL to Entry
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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.
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.