The AUD/JPY Monthly time frame is in a large sideways movement. The market created a down ABCD swing from resistance towards support with a D extension price point 69.10 about +1,740 Pips bearish. The market is at a high price hitting a future resistance and showing great bearish signs. I'm sowing you on the Daily time frame where I plan to enter, because it gives you a much clearer picture. Stop will go 10 pips above MOST RECENT high. Happy Trading :)
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.