TradingView
ThinkingAntsOk
Jul 31, 2019 1:54 PM

Short Setup + Explanation on USDJPY by ThinkingAntsOk Short

U.S. Dollar/Japanese YenFXCM

Description

Consider this as an idea to develop your own setup:

Main items on the 4hs Chart:
a)Price Broke out from a Weekly triangle structure
b)Currently, there is a consolidation structure between the resistance zone and the ascending trendline (yellow solid trendline)
c)On MACD we can observe a divergence on the Histogram, that can be considered as a weak signal of the current bullish movement
d)On the chart, we have set Stop zone / Entry Zone / Take Profit or Break-even zone, use them as a guide of where to set your orders

Weekly Vision:

Trade closed: target reached

Comments
Bullandbeartrading
Great target my friend !
More