araguaney
Short

MICRODIVERGENCE ON AUDJPY SHORT

FX:AUDJPY   Australian Dollar/Japanese Yen
248 2 20
4 months ago
Hello Traders here is an idea on possible micro Divergence and continuation of the downtrend of this pair, as you can see the pairhas been on a down trend and the retracement seems to be losing power, also it is showing a double top, you can see a Bearish engulfing candle wich price action has respected its high for the past 3 days, and also the low.

So the plan is to sell as we break that engulfing candle low about 79.125, with targets going to KS, the stop would be above the high of the previous candle that activated the trade.

If we pass the engulfing candle high before entering the trade, the idea is invalidated, other wise we wait for our trade set up
4 months ago
Trade active: it just activated our level and its contracting like a teaser, lol but overall looks good, an if you got in earlier excelent, this trade was "safe Aproach"
4 months ago
Trade closed manually: i took like 65 pips profit i got bored, i think theres chance to keep going maybe look to re enter later
araguaney
4 months ago
check out the IChimoku_Trader page for more educational stuff, i related the page that has the explination of microdivergence, enjoy
Reply
fatkumo
4 months ago
Very detailed, and fantastic trade!
Reply
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