H1 shows a remarkable divergence ,,, so I expect price has a correction to 106.30-106.10 ,, which is 50% fibo level , old support line now changes to resistance area ,, and SMA 21 ,,macd & rsi wrote: ↑Thu Jul 23, 2020 2:16 pm#USD/JPY :
The pair can not break the 108.8 resistance and day by day it move bearishly .
At H4 we have two black trend line , which price can not pass them ,, I show on chart .
Weekly and Daily movings are above the price ,,,
I think the pair is bearish , but it needs trader's waiting .
I am selling now ,,with considering the MONEY MANAGEMENT ,,, CUZ STOP IS BIG !
STOP @ 108.80
TP @ 50 , 100 , 150 PIPS ,, 106.60 ,, 106 ,,, 105.20 , 103.50 ,, 101.30
I do not close my position , ,, lower my stop to 107.50 ,, and follow the bearish wave .