USD/JPY Reverse Divergence Short

12 thg 10, 2017

This idea is solely based on technicals. no fundamentals is considered on this analysis but I would recommend looking into fundamentals before taking a trade. As you can see we have a reverse divergence on the 15 mins chart. If you look at price on the chart it has made two peak lower lows but the indicator is showing different. With that being said you can see price is in a massive range so i would put take profit at the bottom of the page and sell on a reversal price action candle stick formation.