attached is 4h pic of EUR/JPY
LONG or SHORT: SHORT
ENTRY: 119.5
STOP: 120.8
TP: 116.9
R:R - 1:2
Trade rationale: EUR/JPY has just reached a new high yet stoch/rsi/macd all shows a lower high. This is massive bearish divergence given we have 3 indicators giving the same sell signal. It’s also possible that a full reversal can happen but it’d be a really long shot, so just take profit before hitting the support at 116.5 area.
Also have a sell order ready at 116 as well and put a stop at the half way point between 116 and the top