Short AUDJPY from strong sell-off for 13 pips
There was a rotation and strong sell off post news from China. Strong volumes were traded during that period. I expect longs to take profit at this level. Expectation is for a quick 12-13 pip reaction to this level.
Long term I am bullish on this pair and on every JPY cross. It should reach 83.60 to again test the strong resistance
Long term I am bullish on this pair and on every JPY cross. It should reach 83.60 to again test the strong resistance
Trade closed: stop reached
Unfortunately there was a stop loss for this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.