AUDJPY Short
Updated
WEEKLY:
Rejections across a few weeks to push price higher. Price trading in the 20/50 ema area.
DAILY:
For a number of days, stall of price just below the 200ema - also looks to be a right shoulder forming to complete a H&S pattern.
4hr:
Price stall is highlighted across this area with bearish MACD Divergence indicating that price may look to reverse.
1hr:
A break down below the 20/50ema
Rejections across a few weeks to push price higher. Price trading in the 20/50 ema area.
DAILY:
For a number of days, stall of price just below the 200ema - also looks to be a right shoulder forming to complete a H&S pattern.
4hr:
Price stall is highlighted across this area with bearish MACD Divergence indicating that price may look to reverse.
1hr:
A break down below the 20/50ema
Trade active
Price slowly making its way down to TP. Summer Stall :-DTrade closed: target reached
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