We had a nice long scalp trade on AUDJPY earlier this evening, which was given ahead of time on Periscope and Meerkat.
We are now stalking this pair for a short scalp. We need to see the MACD turn bearish with AUDJPY trending to the downside. The following setup would then need to be seen. The pair will need to have a pop and close above the EMA while the MACD stays bearish. Then we need to see AUDJPY close back below the EMA with the MACD remaining bearish, this will give you a clear short signal.
We are now stalking this pair for a short scalp. We need to see the MACD turn bearish with AUDJPY trending to the downside. The following setup would then need to be seen. The pair will need to have a pop and close above the EMA while the MACD stays bearish. Then we need to see AUDJPY close back below the EMA with the MACD remaining bearish, this will give you a clear short signal.