tradafx

A reversal pattern appeared with USDJPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Daily time frame.
Structure: Uptrend.
A divergence signal with MACD and a double top reversal pattern appeared.
Waiting for the falling price to break the Key level at 113,500 and have a signal to confirm the downtrend, then we can look for selling opportunities.
The profit target is the 109,000 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.