Trade Setup: USD/JPY – 5 Sep 2016

Trade Setup: USD/JPY – 5 Sep 2016

Candle Stick Pattern: Dark Cloud Cover at (1)
Confirmation:

Stochastic overbought range at (3), also confirming divergence at (2) & (3).
Touching outer band of Bollinger Band at (1).
Retesting the support of (4) at (1).

Signal: SELL
Entry Point: 103.371
SL: 102.552 (82 pips)
TP: 99.890…
#BollingerBand, #CandleStickPattern, #DarkCloudCover, #Fibonacci, #Stochastic
#TradeSetups

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