1
SNby u/smith_nico·13hAnalysis

AUDJPY - Short-term divergence implications?

Noticed a potential bearish divergence on the 4-hour $AUDJPY chart. Price has put in higher highs around 98.40-98.50, but the RSI has printed lower highs, suggesting waning momentum. Volume on these last pushes higher has also been fairly subdued. Anyone else seeing this develop, and if so, how are you weighting it against the broader bullish trend? Considering a small hedge or reduction in long exposure around current levels, targeting a retest of the 97.80 support. Thoughts?

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this