AUD/JPY Selling opportunities presenting itself on this pair with a larger timeframe corrective channel. By using the three touch method, we can project some exhaustion before a move downwards.
A few points of confluence are as follows:
- corrective nature which has happened historically
- three touch method at channel highs
- previous area of market structure is where current price action sits
- slow in momentum at current resistance zone, showing sellers creeping back in
This is my take on AUD/JPY for the start of 2020. Happy trading folks!
A few points of confluence are as follows:
- corrective nature which has happened historically
- three touch method at channel highs
- previous area of market structure is where current price action sits
- slow in momentum at current resistance zone, showing sellers creeping back in
This is my take on AUD/JPY for the start of 2020. Happy trading folks!
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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.