Let's take out the sellside liquidity
AUDJPY has not succeeded in attaining fresh highs over the past few weeks. Presently, a distinct downtrend is evident, characterized by the formation of successively lower highs.
Beneath the wick that was established on October 3, 2023, there is anticipated to be a substantial pool of liquidity. Accordingly, we are initiating a short position with the objective of capitalizing on the sell-side liquidity.
The trade offers a Risk-Reward Ratio (RRR) of 2.5 to 1.
Beneath the wick that was established on October 3, 2023, there is anticipated to be a substantial pool of liquidity. Accordingly, we are initiating a short position with the objective of capitalizing on the sell-side liquidity.
The trade offers a Risk-Reward Ratio (RRR) of 2.5 to 1.
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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.