Bearish 2618 on USDJPY with 1:3 Risk/Reward Factor

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

2618tradesetup 2616 supportandresistance structure structure-trade doubletop rsi_overbought

USDJPY gave is a conservative structure trading opportunity - 2618 setup with a little bit more than 1:3 R/R factor.
You can enter right away or waiting for an entry reasons - RSI is in OB condition.
Stops above current NSH(the double top setup), 1st target will be a retest of the structure low(the low formed after the "V" of the double top setup was violated) and 2nd target will be 1.272 fib extension.
Good luck

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