Technician
Short

USDJPY Possible failure at resistance

FX:USDJPY   U.S. Dollar/Japanese Yen
3591 17 124
a month ago
The USDJPY             failed to sustain the intraday break above latest swing high and resistance
  • Testing Previous swing high and resistance area among 104.30-104.50
  • The price formed a bearish engulfing 8-hour candle
  • Bearish divergence on RSI
  • Shooting star candle on the daily chart

Targets are outlined on chart, my stop will be a candle closing above the recent high 105.00


Remember,
-Learn, practice, plan, then trade..
-Never risk more than 5% of your capital on a single trade
Best regards,
Technician
a month ago
Trade closed: stop reached: Stopped out on the trade
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
Dorraa
a month ago
Many thanks for the insight
Reply
Technician TOP Dorraa
a month ago
Welcome
Reply
matpjoe
a month ago
daily shooting star is a very good trigger point for this trade.
Reply
derby
a month ago
Cheers. In on this and will add as trade progresses...
Reply
Technician TOP derby
a month ago
Cheers
Reply
Gerser
a month ago
Thanks so much .
Reply
Technician TOP Gerser
a month ago
welcome
Reply
quite agree with that. I have a monthly resistance at 104.32, it made a very nice bearish Pin bar on Daily.
Reply
Technician TOP Le_Chiffre_
a month ago
Yep its a major swing. Lets see how it evolves.
Reply
AT84
a month ago
we're going down ... good luck to all .-)
Reply
lencanoot
a month ago
Looks like it's breaking out to the upside..
Reply
lencanoot lencanoot
a month ago
S/L hit.
Reply
abbas
a month ago
hello any update on your chart
Reply
QuantumLogicTrading abbas
a month ago
its in the red..
Reply
papeeeboy PRO
a month ago
ur not the only one that got stopped
Reply
TheWave
a month ago
I think YEN will hit 107-108 soon and then clear 110 after
Reply
TomPower
24 days ago
give it up
Reply
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