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VladimirRibakov
Sep 7, 2016 12:09 PM

AUDJPY by the book sell setup forming Short

Australian Dollar/Japanese YenFXCM

Description

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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