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Australian Dollar / Japanese Yen
Short
Updated

AUDJPY Short

340
We can see that AUDJPY has made a double top, and currently has broken the upward trend, i am currently in a short position with targets at 102.857, it is important to observe whether prices would rebound off 103.500 with previous double bottom making the current drop a possible triple bottom
Trade active
will it break the previous double bottom?
Trade active
1h candle has break through previous double bottom support
Trade closed: target reached
we see a strong rejection on the double bottom
Note
currently it seems that AUDJPY is trading within the zones of the double top and bottom
Note
while all other yen pairs give bearish sign such as a strong 1h rejection candle, I would personally not trade AUDJPY as the reasons above, it seems to be trading within 103.474-104.564, it would be important to be patient as inflationary pressures for Australia is still relatively strong
shrekwazoskitrades
Chart PatternsTrend Analysis

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.
Chart PatternsTrend Analysis
shrekwazoskitrades

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.