USDJPY
RSI indicates Bearish Divergence. Which means that at any time the market trend can change to LL and LH.
Trendline Break: The price is approaching a key trendline, and a break below this trendline would indicate a shift from the current uptrend to a downtrend. This break would act as confirmation for entering a short position.
Trade Setup:
Entry: Use a sell stop order to enter the short position once the price breaks below the key trendline. This ensures that you only enter the trade if the bearish trend is confirmed.
Stop-Loss: Place a stop-loss order above the recent swing high or just above the broken trendline to limit potential losses. Adjust the stop-loss level according to your risk tolerance.
Trendline Break: The price is approaching a key trendline, and a break below this trendline would indicate a shift from the current uptrend to a downtrend. This break would act as confirmation for entering a short position.
Trade Setup:
Entry: Use a sell stop order to enter the short position once the price breaks below the key trendline. This ensures that you only enter the trade if the bearish trend is confirmed.
Stop-Loss: Place a stop-loss order above the recent swing high or just above the broken trendline to limit potential losses. Adjust the stop-loss level according to your risk tolerance.
Nota
SL hit
Penafian
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