Thursday, 17 March 2016

USD/JPY sell


I placed a buy entry in this pair earlier when I noticed the following:

1. Hidden bearish divergence from the lower high of the prices against the stochastic's higher high and MACD histogram.

2. Stochastic lines already pass the 50 level.

3. MACD histogram is descending.

4. MACD and signal line about to crossover.

Currently having 30 pips profit but earlier it reached around 100 pips. Hoping that the price continue to breakout that resistance line.

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