Phil_Son

AUDJPY Daily basic bear structure

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Ever since market created a Double Top, it just went down like a waterfall and never looked back. It took a little retracing breather, but it's still in a bearish momentum. However, if market rallies up to test previous structure, there might be a basic structure selling opportunity. RSI is also indicating an overbought condition, which suggests that market is losing buying pressure. There's also a very nice Risk Reward.

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