DLavrov

USDJPY Double Divergence

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The resistance level 118.00 can be a good start for down movement. Double bearish divergence is a signal that probably up trend is over and we can open short trades. Entry levels are below the swing low and Kijun line. Stop orders have to be placed above the resistance level . Profit target is Senkou A. If price reverses from Kijun with RSI confirmation, we'll get a signal for opening long trades.

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