AUDJPY Short Idea
AJ still has a lot to prove at the current zone to confirm our short idea, however, everything I typically look for is lining up nicely
We have a major resistance at the current level and again at 75.000, I’ll be looking for higher timeframe bearish variations for me to gain reason to start dropping timeframes with intent to enter a sell.
Ideally a nice wick of the 78.6% fib level and Monthly resistance level would a great indication of a potential reversal from this level
Look to target toward the weekly support around 70.00 as well as the -27% fib level around 69.76
AJ still has a lot to prove at the current zone to confirm our short idea, however, everything I typically look for is lining up nicely
We have a major resistance at the current level and again at 75.000, I’ll be looking for higher timeframe bearish variations for me to gain reason to start dropping timeframes with intent to enter a sell.
Ideally a nice wick of the 78.6% fib level and Monthly resistance level would a great indication of a potential reversal from this level
Look to target toward the weekly support around 70.00 as well as the -27% fib level around 69.76
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.