Bullish Hidden Divergence – AUDJPY – Hourly Timeframe


Click here to view the chart.
– Price making higher lows & the oscillator making lower lows on the hourly chart.
– Price has broken through resistance 9supply zone) on the daily chart.
– Bullish engulfing pattern on the daily chart.
Entry Suggestion(s)
– Upon a break above the trend line on the hourly timeframe (drawn in blue) – trend line already broken.
– Upon a break above 89.93 (break above the high of the last candle)
SL Suggestion(s)
– Around 89.10
Target Suggestion(s)
– Tgt1 = 90.29 (78.6% Fib Expansion) – move SL to BE if this target is hit
– Tgt2 = 91.00 (127.2% Fib Expansion) -move SL to 90.29 if this target is hit
– Tgt3 = 91.50 (161.8% Fib Expansion)
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This entry was posted in AUDJPY, Divergence, Forex, Misc. Setups. Bookmark the permalink.

One Response to Bullish Hidden Divergence – AUDJPY – Hourly Timeframe

  1. Pingback: Update on AUDJPY Trade | One618 Trading Blog

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