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...

 

www.myfxguide.com/trade-setup-usdjpy-5-sep-2016/

Done