Short usd/jpy

SHORT USD/JPY H1
Entry point: 99.60
Stop loss: 100.00
Profit target: 98:60
Trade explanation:


Fib. level 23.6 act like resistence, the MACD shows a divergence and the 10, 20 EMA are squizing.

it’s time to go on long ?


Cool, you have the same bias as Huck even with a different set of indicators. Good luck!

I needed 4 more pips, but its ok, I closed the trade with a 90 pips gain. Now, my 38.2 fib. level act like resistance and I think Im gonna watch the fundamentals on USD today before I take action. I think is a litle space between where is the price and the trendline. :smiley: