VladimirRibakov
Short

AUDJPY by the book sell setup forming

FX:AUDJPY   Australian Dollar/Japanese Yen
On the H4 chart we see that the pair created divergence followed by convergence which means only 1 thing - sell rallies! This is my plan to join the bears. Wait for the price to enter the sell zone and short. Ideally we want to see hidden bearish divergence forming inside the box.

Stop Loss – 78.90

Target 1 – 77.60.

Target 2 – 77.00.
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