02-09-2022 _ Short Term Bearish Idea _ EURJPY H1
Updated
1- Daily ..... Bearish Hidden Divergence.
2- H4 ........ Bearish Divergence on MACD Histogram.
3- H1 ........ Bearish Divergence on MACD MAs.
Double Top with Potential Bearish Divergence
Enter with Candlestick Pattern OR Valid Breakout of the Trendline
Aggressive Entry with some Candlestick Pattern.
Conservative Entry @ valid BO of TL
Target @ 38.2% and 50% of Fibo. Retracement.
Stoploss @ 140.075
2- H4 ........ Bearish Divergence on MACD Histogram.
3- H1 ........ Bearish Divergence on MACD MAs.
Double Top with Potential Bearish Divergence
Enter with Candlestick Pattern OR Valid Breakout of the Trendline
Aggressive Entry with some Candlestick Pattern.
Conservative Entry @ valid BO of TL
Target @ 38.2% and 50% of Fibo. Retracement.
Stoploss @ 140.075
Comment
The idea did not activate as the price action broke above the double top and there is no valid Breakout of the Trendline.Comment
Valid Breakout of the Trendline.Target 1 Achieved on 05-09-2022
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