02-09-2022 _ Short Term Bearish Idea _ EURJPY H1

1- Daily ..... Bearish Hidden Divergence.
2- H4 ........ Bearish Divergence on MACD Histogram.
3- H1 ........ Bearish Divergence on MACD MAs.
Double Top with Potential Bearish Divergence

Enter with Candlestick Pattern OR Valid Breakout of the Trendline
Aggressive Entry with some Candlestick Pattern.
Conservative Entry @ valid BO of TL

Target @ 38.2% and 50% of Fibo. Retracement.

Stoploss @ 140.075

Comment:

The idea did not activate as the price action broke above the double top and there is no valid Breakout of the Trendline.

Comment:

Valid Breakout of the Trendline.
Target 1 Achieved on 05-09-2022