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ManikandanElango
Jun 18, 2018 6:16 PM

USDJPY 

U.S. Dollar/Japanese YenFXCM

Description

Points to note:
1. Near 200ma(can act as resistance)
2. Previous Swing higher high is not broken, Evening star is formed.
3. Lot of divergences seen
4. Momentum inside a channel and price is near a trendline.
5. Price breaking below trendline and momentum breaking channel is potential candidate for shorting.
6. stoploss can be previous higher high for target of higher low.
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