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Jun 8, 2020 2:40 PM

SGDJPY Divergence Short

SGD/JPYOANDA

Description


1. 8 Ema has crossed over 21 ema
2. Price action has broke the 50 EMA
3. TDI showing some bearish signals on the RSI
4. Trendline broken
5. If you switch to 4 hour chart you are able to see that price action shows some rejection of major structure.
6. Divergence on both 1 HR and 4HR chart. More prominent on 1HR chart.
7. Breaks Asian Range

**RR could be better
Apologies for the late post...

Trade closed: target reached

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