AUDJPY Sell Idea

Pair has formed bearish convergence on M15 and it is now retracing near around 50% of the initial down move which took place on the H4 chart. There is also bearish hidden divergence already so i believe a sell here is a good idea.

Technical Analysis

H4 – hidden bearish divergence

M15 – convergence

Entry

Sell now market price 83.71

Target 1: 82.70
Target 2: 81.50
SL: above 84.00

Yours,
Vladimir

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.