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
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)
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Anakiin Anakiin
my comment was meant for AUDJPY
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thanks for your comment, i will consider that levels, right now im already short, lets see what happens....
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Similar AUDUSD shorting idea.
AUDUSD D1 END OF WEDGE PATTERN?
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FullTimeTrader PriceActionTrading
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
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PriceActionTrading FullTimeTrader
Yes you too.
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