FX:USDJPY   U.S. Dollar / Japanese Yen
hello traders,
want to share with you this nice selling opportunity on usdjpy .
as we contemplating bearish trend for couple of weeks, market now in consolidation stage before
bearish continuation and another wave down.
so I suggest you to look left and see that market just hit previous structure high in confluence with 0.5 fib zone of recent leg of a move.
also, look at rsi - it gives as true signal of divergence.
so I would sell out now setting my stop slightly above 0.5 fib.
target based on previous market low.
Let's see what will happen next.
Comment: still holding short
Comment: Holding position
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