AUD/JPY broke below the demand zone on the third touch in a downtrend. There may be a retest into the demand zone, but I think the trend will continue. I put my stop above the demand zone and the Tenakan-Sen. I will close on a close above the demand zone, the kijun, or a strong bull div (although I will just reenter at a higher point during a simple bull div)
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.