Don't miss the great sell opportunity in AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Jul 30, 2020 4:06 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (75.2). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 74.65
TP2= @ 73.95
TP3= @ 73.30
TP4= @ 72.50
TP5= @ 71.80

SL: Break Above R2

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Comments

Kristalyn

⋅ Jul 30, 2020 5:19 PM

Good job!

ForecastCity_ME

⋅ Jul 30, 2020 5:34 PM

@Kristalyn, Thanks

Sir_Ray

⋅ Jul 30, 2020 5:02 PM

Thanks a lot!

ForecastCity_ME

⋅ Jul 30, 2020 5:03 PM

@Sir_Ray, you got it!

Forecast_Crypto

⋅ Jul 30, 2020 4:45 PM

strong idea! ;) 😍😍😍

ForecastCity_ME

⋅ Jul 30, 2020 4:49 PM

@Forecast_Crypto, Thanks! We appreciate your comment.

Pro_Trader_007

⋅ Jul 30, 2020 4:21 PM

1st recommend I have followed...

ForecastCity_ME

⋅ Jul 30, 2020 4:21 PM

@Pro_Trader_007, Thank you! We appreciate your comment.

Kamryn

⋅ Jul 30, 2020 4:20 PM

Nice thorough Analysis :)

ForecastCity_ME

⋅ Jul 30, 2020 4:22 PM

@Kamryn, Thanks for your comment 😊💚 We appreciate it