FXPhantom

Go short $AUDJPY on Price/Momentum divergence

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
1. Missed Daily Pivot below the price.
2. Divergence between price and momentum + Overbought RSI
3. Break & close below trend line

Go short targeting missed pivot at 81.46. SL above recent high at 82.65
Comment: SL moved to BE.
Trade closed: target reached: Position closed at profit target.

Comments

If it retraces back to 82.00, than you might enter short with same profit target (81.45-81.50)
+1 Reply
Position closed, nice ride...
Reply
can we enter short now ?
Reply
As we moved more than half a way to the target, it might be good idea to move stops to BE.
Reply
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