Fxprotrader
Short

USDJPY Potential Sell Setup

FX:USDJPY   U.S. Dollar/Japanese Yen
Price is about to reach a key level and probably is about to reverse and sell off. A divergence with MACD is showing that this up move is losing steam and will might end. We should keep an eye for a breakout, wait for a small correction and then sell the market.

The profit targets are shown at the chart. As for a stoploss we should place it above the previous high after the breakout.

Happy tarding to all.
Trade closed: target reached: First target reached. We may now move stoploss to breakeven at the 2nd position for a risk free trade...
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