babyjm18

Bearish Hidden Divergence

Short
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Possible downtrend continuation pulling back at 38.20% Fib,it might break the downtrend resistance up to the 38.20% Fib. It is also possible to go at 50% Fib that`s why stop loss above 50% but the RSI will be in the overbought area when it reach the 38.20% Fib. If it cannot break the downtrend resistance, then it will go down early in triangle pattern.
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