Hello Traders,
There's an bearish opportunity on the USDJPY 60M timeframe. Price action is at a previous level of resistance (3 touches) with a bearish divergeance on the RSI. I will be entering agressively to the downside with a target at the 382 retracement of the previous leg. If you want to be more conservative, you can wait for a double top and RSI divergeance to confirm entry.
Good luck in the markets,
Leitmotiv
There's an bearish opportunity on the USDJPY 60M timeframe. Price action is at a previous level of resistance (3 touches) with a bearish divergeance on the RSI. I will be entering agressively to the downside with a target at the 382 retracement of the previous leg. If you want to be more conservative, you can wait for a double top and RSI divergeance to confirm entry.
Good luck in the markets,
Leitmotiv