FullTimeTrader
Short

AUDJPY-update- convergence divergence long term short bias

FX:AUDJPY   Australian Dollar/Japanese Yen
203 0 1
According to my previous analisis, im already in the market:
AUDJPY-short on H4 and D1

But i see this pair has a bigger potential looking at W1 and D1 charts.

Weekly chart:
snapshot

We have a convergence-divergence setup. After the trendline was broken the first convergence appears.

Looking at D1 chart we see the divergence and price is currently bouncing from strong W1 resistance, 55 ema and 0.61 fib retracement.
I will add more positions and adjust the profit levels at this point.

Best regards.
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