tradafx

Wait for the price to retest and appear a sell signal with USDJP

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
H1 time frame.
After a strong bearish move from 110.800 to 109.100, the price formed a red ABC pattern (Simple Flat).
Top A and C form resistance at the 61.8% Fibonacci retracement of this down move.
With the last bullish move of this pattern, a blue ABC divergence appeared.
The current price has broken the Key level and is waiting for a retest, confirmation signal to enter a sell order.
The profit target is the 109.100 zone.
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Wish you all have a good trading day!