Cybertron
Short

Sell USDJPY (Daily)

FX:USDJPY   U.S. Dollar / Japanese Yen
in Daily chart :
The resistance level at 111
Broken support level
61.8% fibo retracement
Downtrend line

> Sell
Entry : 111.00
Stop : 111.30 (30 pips)
TP1 : 110.40 (60 pips)
TP2 : 109.80 (120 pips)


in 4H chart :
The resistance level at 111.1
Regular divergence

Trade active: Trade setup activated
Comment: We can see shooting star and bearish pin bar at 111.00 , so we sell at a good area.

Trade closed: stop reached: Profit : -30 pips

But we can look for another sell dealing downtrend line in daily chart and 78.6% of fibo retracement.

Entry : 111.42
Stop : 111.75 (33 pip)
TP1 : 110.5 (90 pips)
TP2 : 109.8 (160 pips)

Comment: Regular divergence in 4H chart.
Lower price but higher RSI.
Overbought in RSI indicator

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out