Get started
MEX_Exchange

AUDJPY testing major resistance, remain bearish

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
MEX_Exchange  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpyshort audjpylong audjpysell audjpydaily Forex forexdaily
75
1
trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpyshort audjpylong audjpysell audjpydaily forex forexdaily
Sell below 88.09. Stop loss at 88.71. Take profit at 86.69.
Reason for the trading strategy (technically):
Price continues to test our major resistance area at 88.09 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and we remain bearish looking for a drop towards 86.69 support (Fibonacci retracement, horizontal support).
Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely.
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.