AudJpy good opportunity to sell, swing trade

2020-01-17 11:16:09

Salaam

Good day to all!

thanks to @Saeed966, I think it's a good swing idea!

Signs:

The price is on the upper edge of the descending channels.
The price pulled back the edge.
There is a mirror line that the price reacted several times.
Overbought in the indicator.
Shooting star daily candle.
A divergence in the stochastic indicator.
Good Risk reward ratio.

Waiting for the price will break the ascending trendline and pullback may be a good trigger.

Bytheway please keep your risk 1-2%.

Good luck!