FullTimeTrader
Short

AUDJPY-convergence divergence setup near 95.000

FX:AUDJPY   Australian Dollar/Japanese Yen
655 6 7
We can see the first convergence con W1 chart.
snapshot


On D1 chart there is the first divergence and the price rejecting from the 0.95 zone

Best regards
Similar AUDUSD shorting idea.
AUDUSD D1 END OF WEDGE PATTERN?
Reply
FullTimeTrader PriceActionTrading
2 years ago
yes, the AUDUSD should go similar way, i chose this pair because this pair did a deeper retracement and:
-doble top
- the two pinbars
- strong long term resistance and round number 0.95 (similar to AUDUSD)
Best regards
Reply
PriceActionTrading FullTimeTrader
2 years ago
Yes you too.
Reply
Anakiin
2 years ago
There is also a long term support line at 94.5 + 200 EMA as support, UPWARD Trendline (from April 14) as support. AUD Stronger fundamentally than YEN (which is still in QE phase)
Reply
Anakiin Anakiin
2 years ago
my comment was meant for AUDJPY
Reply
FullTimeTrader Anakiin
2 years ago
thanks for your comment, i will consider that levels, right now im already short, lets see what happens....
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