araguaney
Short

MICRODIVERGENCE ON AUDJPY SHORT

FX:AUDJPY   Australian Dollar/Japanese Yen
257 2 20
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
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"
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
Very detailed, and fantastic trade!
Reply
check out the IChimoku_Trader page for more educational stuff, i related the page that has the explination of microdivergence, enjoy
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out