Short USDJPY
1. Major resistance level (100% fibonacci extension level, horizontal overlap support, 38.2% fibonacci retracement level)
2. Price testing major descending resistance line
3. Major support level (61.8% fibonacci retracement level, horizontal swing low support, 100% fibonacci extension level)
4. RSI (55) testing resistance line
5. Stochastic approaching extreme level
2. Price testing major descending resistance line
3. Major support level (61.8% fibonacci retracement level, horizontal swing low support, 100% fibonacci extension level)
4. RSI (55) testing resistance line
5. Stochastic approaching extreme level
Trade closed: stop reached
15 pips stop loss 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.