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lofitrend
Aug 9, 2021 4:13 PM

SELL AUD/JPY  Short

Australian Dollar/Japanese YenFXCM

Description

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Potential down move on AUD/JPY 📉

Things to consider:
1. Triangular Formation
2. MACD and price downward momentum
3. COT data shows AUD is being short and JPY is also being short so overall strong down movement upcoming

How to enter:
1. Entry after the weekly resistance is broken
2. Entry should be on 4hr timeframe for better R:R
3. Enter when storng down momentum starts
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