USD/JPY - Swing Trade Opportunity (Sell)

Hello Traders! Welcome to my post, today we are looking at USD/JPY and we have identified the following confluences to support this high-probability setup:

-Major 61.8 Fibonacci retracement
-Minor 78.6 Fibonacci retracement
-Major 1.00 Fibonacci projection
-Supply zone
-H4 Bearish divergence
-Trendline and counter-trendline confluence

Stop Loss: 110.000
Targets: 108.000, 107.500, 107.000, 106.500

Risk to Reward Ratio: 4.6

Thank you for reading this idea, I hope you learned something and I hope that this analysis will be beneficial for your trading.

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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.

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