CHF/JPY Bearish MACD Divergence on the 1H Chart

There is a bearish Divergence of Price vs. MACD on the 1H CHF/JPY Chart.
This bearish Signal is confirmed by RSI: it was overbought and is now falling.
Profit Target is the daily Pivot at 112.220

Trade stängt: målet nått:

After moving a few pips in the wrong Direction, Price finally touched the daily Pivot - the Profit Target was hit!