Potential Short on USDJPY
Updated
USDJPY is currently in an ascending channel with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, stoploss at last swing high with target at bottom of channel also could be a bigger move if breaks down out of channel so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
Trade closed: target reached
Target reached for a RR of 2.5 but will look at another trade now it has broken out of the channel, will post new idea.
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