AUDJPY - 1H In Trend Engulfing Trend Line 200ma Bounce
AUDJPY has formed a bearish engulfing candle closing at 10am CST on the 1H time frame.
RSI is overbought which formed bearish divergence on the 30m time frame.
Price is clearly making lower highs and lower lows.
Price rejected the 200ma and the trend line perfectly.
SL set 2 pips above recent highs.
TP set at previous lows candle body low.
RSI is overbought which formed bearish divergence on the 30m time frame.
Price is clearly making lower highs and lower lows.
Price rejected the 200ma and the trend line perfectly.
SL set 2 pips above recent highs.
TP set at previous lows candle body low.
