AUDJPY-update- convergence divergence long term short bias
According to my previous analisis, im already in the market:
But i see this pair has a bigger potential looking at W1 and D1 charts.
Weekly chart:
We have a convergence-divergence setup. After the trendline was broken the first convergence appears.
Looking at D1 chart we see the divergence and price is currently bouncing from strong W1 resistance, 55 ema and 0.61 fib retracement.
I will add more positions and adjust the profit levels at this point.
Best regards.
Weekly chart:
Looking at D1 chart we see the divergence and price is currently bouncing from strong W1 resistance, 55 ema and 0.61 fib retracement.
I will add more positions and adjust the profit levels at this point.
Best regards.