USDJPY - Short entry set up Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 21, 2016 10:11 PM

Bullish divergence at strong resistance. Expect further push down and possible retest of ~100 support area.

On 4H chart, some bearish RSI divergence (also support on MACD). Using limited sell orders to take advantage if USDJPY retest resistance.

Trade closed: target reached

⋅ Jul 28, 2016 12:48 PM

Closed trade at 104.69

KEEPING SCORE: WIN

Very nice trade. Added to position at various times for a total of 4 positions. All trades ranged from 131 - 152 pip gain.

USDJPY