tradafx

A divergence and key level break signal appeared with USDJPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
H4 time frame.
Structure: Uptrend.
After showing a divergence with the MACD and a double top pattern, USDJPY price broke through the Key level at 112,700.
Waiting for the price to return to the 50-61 Fibo value zone of the strong down move at 114,500 and a bearish reversal signal will appear, then we can look for selling opportunities.
The profit target is the 112,000 price zone.
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