USDJPY Possible failure at resistance

The USDJPY failed to sustain the intraday break above latest swing high and resistance

• Testing Previous swing high and resistance area among 104.30-104.50
  
• The price formed a bearish engulfing 8-hour candle
  
• Bearish divergence on RSI
  
• Shooting star candle on the daily chart
  

Targets are outlined on chart, my stop will be a candle closing above the recent high 105.00


Remember,
-Learn, practice, plan, then trade..
-Never risk more than 5% of your capital on a single trade
Best regards,
Technician

Trade stängt: Stopp nått:

Stopped out on the trade