Price looks like it's about to make a retracement to the upside on the USD/JPY. I've just spotted a nice regular bullish RSI divergence on the pair. Looking to go long on this pair with a 1:2 risk to reward ratio.
FX:USDJPY FX:USDJPY FX:USDJPY
It looks like the short term bearish trend on the GBP/JPY currency pair is going to continue south. In order to take opportunity of this situation, I've just placed a short trade on the currency pair after identifying a hidden RSI bearish divergence(which is usually a trend continuation trade setup) with a risk to reward ratio of 1:2.
FX:GBPJPY
It looks like the GPB/USD is going to continue its short term bearish trend. Therefore, I've just taken a short trading position on the currency pair after identifying a bearish RSI divergence trade setup followed by the formation of a price rejection candlestick with a 1:2 risk to reward ratio.
Let's see how this one will play out.
Cheers!
FX:GBPUSD
