MICRODIVERGENCE ON AUDJPY SHORT

Hello Traders here is an idea on possible micro Divergence and continuation of the downtrend of this pair, as you can see the pairhas been on a down trend and the retracement seems to be losing power, also it is showing a double top, you can see a Bearish engulfing candle wich price action has respected its high for the past 3 days, and also the low.

So the plan is to sell as we break that engulfing candle low about 79.125, with targets going to KS, the stop would be above the high of the previous candle that activated the trade.

If we pass the engulfing candle high before entering the trade, the idea is invalidated, other wise we wait for our trade set up

Trade ist aktiv:

it just activated our level and its contracting like a teaser, lol but overall looks good, an if you got in earlier excelent, this trade was "safe Aproach"

Trade wurde manuell geschlossen:

i took like 65 pips profit i got bored, i think theres chance to keep going maybe look to re enter later