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ForecastCity_ME
Dec 21, 2020 1:22 PM

💡Don't miss the great sell opportunity in AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (78.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.

Take Profits:
TP1= @ 77.46
TP2= @ 76.96
TP3= @ 76.50
TP4= @ 75.42
TP5= @ 74.90

SL: Break Above R2

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Comments
swadeshsingh0123
but sl already hit
ForecastCity_ME
@swadeshsingh0123, Thank you for your comment. what's your view?
DenizKilicDeniz
Thanks for sharing this great analysis.
ForecastCity_ME
@DenizKilicDeniz, Thank you for your comment. We appreciate it
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