AUDJPY short
A bearish divergence is observed which indicates a reversal in trend. The instrument has been bullish for a very long time now so there's a solid chance of a reversal. The sentiment is also 94% short. Place the stop loss above the current higher high and put a sell stop order on the higher low. When it breaks the bullish trend will reverse.
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.