USDJPY bearish divergence and bearish Elliott Wave on trendline

14 Eyl 2016

- Strong Bearish Divergence with stochastic
- Overbought
- About to start leg C of the correction waves of a bearish Elliott Wave
- On resistance area plus streong trendline tested 3 times over the last ~100 days

Entry :
- Sell Stop below previous swing low at 102.830

Exits :
- S/L few pips above trendline and resistance area
- T/P at 101.700 for R/R ratio = 2 if I see a sign of strong bearish candle I might drop it all the way to the next zone while moving my stop loss above the previous resistance area

14 Eyl 2016

İşlem aktif

Here we go

14 Eyl 2016

İşlem elle kapatılmış

lost confidence, price faced support on a support area with a rather bullish candle and the stochastic is oversold