On a higher timeframe, AUDJPY's direction might not be clear at the moment. This short is just based on a recent downmove which had retraced and halted at current f6 level.
A day bull trap has been completed together with macd divergence so this was what got me interested.
However I do want to see some testing at 9740 to ascertain that I have put in at least a decent position, and not throwing my $$ away.
The trend , indeed is not as smooth as previous weeks' trade, so i should be downsized if i wish to short this.
A day bull trap has been completed together with macd divergence so this was what got me interested.
However I do want to see some testing at 9740 to ascertain that I have put in at least a decent position, and not throwing my $$ away.
The trend , indeed is not as smooth as previous weeks' trade, so i should be downsized if i wish to short this.