AUDJPY seem to be showing bearish hidden divergence on the 1HR time frame indicators. I believe here would be a good area to short or at the .786 Fib level of where the previous break out occurred. SL should be just above the previous high and aim for 86.00 for the first target. Targets below.
First Target: 86.00
Second Target: 85.00
Third Target: 84.35
First Target: 86.00
Second Target: 85.00
Third Target: 84.35
Note
First target hit. Solidify a partial profit here.Note
Close or solidify a partial. If whoever decides to take a partial and aim for next target, make sure to move your SL to break even or at in profit.Note
Possible H&S coming? We shall move our 2nd target to 85.50 level to solidify a partial there instead of 85.00 in case of the possible H&S and that the support turned resistance does not hold. Third target will remain at 84.35 if H&S confirms.Trade closed manually
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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.