Hey guys,
second analysis today, here on audjpy we can see we are testing a former resistance level. At this point price gave us a long wick to the top candle (selling pressure) followed by an engulfing candle. All seasoned with RSI Divergence.
That's enough for me to trade.
Currently i'm waiting for a pullback in order to enter short.
First target at roughly 1:1 RR, second along with structure.
Stops above the wick.
If you want to share your viewpoint, please do it beneath.
Otherwise, see you in the next chart!
second analysis today, here on audjpy we can see we are testing a former resistance level. At this point price gave us a long wick to the top candle (selling pressure) followed by an engulfing candle. All seasoned with RSI Divergence.
That's enough for me to trade.
Currently i'm waiting for a pullback in order to enter short.
First target at roughly 1:1 RR, second along with structure.
Stops above the wick.
If you want to share your viewpoint, please do it beneath.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached:
First target achieved