AUDJPY Short Idea
Price action has been primarily bearish on higher time-frames and we will continue to look for potential short entries
Current price action is at key daily resistance around 74.500 as well as the daily 61.8% fib level
Ideally we would like to see a strong bearish signal at this level before targeting lower. A bearish engulfing or evening start would be prime confirmation and would solidify a daily double top pattern
Look to target toward the weekly support around 70.00 as well as the -27.2% & -61.8% fibb level
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.
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.