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FXKing009
Aug 6, 2020 1:25 PM

AUDJPY / SELL IDEA Short

Australian Dollar/Japanese YenFXCM

Description

On the chart we see price has broken the trendline and hit its key support level where it was rejected - It is a key level as we can see multiple rejections on the chart if you look further back
It then retraced to the trendline and was rejected again
Once price has broken support we can look for sell entries to the target shown on the chart
Comments
Cyber-FX
is It a Case Of Divergence ?
FXKing009
@Cyberwolf1, There is divergence on the daily TF, if we look back we can also see that price has fallen from this level previously
At the key level we can see price rejections so if price breaks the key level we can look for sells towards the next level of support
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