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Mar 14, 2018 8:07 PM

AUDJPY - SHORT - DAILY - SELL PULLBACK Short

Australian Dollar/Japanese YenFXCM

Description

Bearish confluence:

- Downtrend
- Market decelerating and rejecting 84.5
- Two high-test candles

Entry: Sell-limit at 84.0
Stop: Safe stop above previous high at 84.7
Take-profit: Previous low at 82.0

When market is in downtrend, look for pullbacks to previous support-levels and wait for confirmation signals for entry.
Comments
Frannel_Franco
right on
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