π Trade Idea: #AUDJPY Short π
π Entry: Sell Stop @ 95.53
π Stop Loss: 94.154
π― Take Profit 1: 94.914
π― Take Profit 2: 94.291
π§ Trade Analysis:
- π 1-Hour Divergence: A bearish divergence signals potential downside.
- π Inverted Head and Shoulders: This pattern often indicates a reversal to the downside.
- π 4-Hour Range: The pair is currently ranging, offering a potential trading opportunity.
π Educational Insights:
1οΈβ£ A bearish divergence occurs when the price is rising while the indicator (e.g., RSI or MACD) is falling, suggesting a potential reversal.
2οΈβ£ Inverted Head and Shoulders is a bullish reversal pattern, but when it appears in a downtrend, it may signal a bearish reversal.
3οΈβ£ Ranging markets provide opportunities for traders to profit from price fluctuations within a specific range.
π Remember to manage your risk and use proper position sizing. #TradingTips π‘
π’ Disclaimer: This is not financial advice. Trade at your own discretion and risk management. #ForexTrading #TechnicalAnalysis ππΉ
π Entry: Sell Stop @ 95.53
π Stop Loss: 94.154
π― Take Profit 1: 94.914
π― Take Profit 2: 94.291
π§ Trade Analysis:
- π 1-Hour Divergence: A bearish divergence signals potential downside.
- π Inverted Head and Shoulders: This pattern often indicates a reversal to the downside.
- π 4-Hour Range: The pair is currently ranging, offering a potential trading opportunity.
π Educational Insights:
1οΈβ£ A bearish divergence occurs when the price is rising while the indicator (e.g., RSI or MACD) is falling, suggesting a potential reversal.
2οΈβ£ Inverted Head and Shoulders is a bullish reversal pattern, but when it appears in a downtrend, it may signal a bearish reversal.
3οΈβ£ Ranging markets provide opportunities for traders to profit from price fluctuations within a specific range.
π Remember to manage your risk and use proper position sizing. #TradingTips π‘
π’ Disclaimer: This is not financial advice. Trade at your own discretion and risk management. #ForexTrading #TechnicalAnalysis ππΉ