[USDJPY] Uphill Struggle?
On the 1H time frame,
> We can see that there is divergence at the resistance level
> RSI weakening - dying uptrend
On the 4H and Daily time frame:
> We can see that it is currently in the overbought region
> Spinning top reversal
> Major resistance level
When to enter?
Engulfing red candle 4H time frame
Approximate Short-
TP at next local S/R level
SL at the previous high
> We can see that there is divergence at the resistance level
> RSI weakening - dying uptrend
On the 4H and Daily time frame:
> We can see that it is currently in the overbought region
> Spinning top reversal
> Major resistance level
When to enter?
Engulfing red candle 4H time frame
Approximate Short-
TP at next local S/R level
SL at the previous high
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