Bears are exhausted
AUDJPY shows a clear inverse bullish divergence in the Cumulative Delta.
The nMike divergence oscillators also signal this inverse divergence.
This can be interpreted as the bears going all in, but not being able to push the price any lower.
Therefore, we see a clear long opportunity with an RRR of 1.3:1.
The nMike divergence oscillators also signal this inverse divergence.
This can be interpreted as the bears going all in, but not being able to push the price any lower.
Therefore, we see a clear long opportunity with an RRR of 1.3:1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.