mcuy366
Short

[USDJPY] Uphill Struggle?

OANDA:USDJPY   U.S. Dollar/Japanese Yen
On the 1H time frame,

> We can see that there is divergence at the resistance level
> RSI weakening - dying uptrend

On the 4H and Daily time frame:

> We can see that it is currently in the overbought region
> Spinning top reversal
> Major resistance level

When to enter?

Engulfing red candle 4H time frame

Approximate Short-
TP at next local             S/R level
SL at the previous high
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