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Whalay
Jan 6, 2021 10:17 AM

Short On Divergence - MACD  Short

Australian Dollar/Japanese YenFXCM

Description

Price is increasing but Volume decreasing. This tells us that price is weakening and there's a non-corresponding loop between buyers and sellers, also indicating a likely change of direction at any moment. Enter at resistance. A clear break is a stop.

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Comments
FXCM
thanks for sharing! I am bullish on AUDJPY here :
Dave-FX-Hunter
Thank you so much.
Whalay
@DaweFXHunter, Great Analysis. Let's wait and see
Investroy
It seems like you’ve been trading for a while, right? 👍🏼
Whalay
@Investroyllc yes definitely. Divergence is a trusted indicator
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