AUDJPY we have a doji candle formation on the weekly chart. Price struggle to break above the resistance level, after a strong bullish mover the price seems stagnating at this level. Price keeps forming week bullish candles, maybe the trend it's over and price will retrace. As well we have a strong weekly bearish divergence on the MACD.
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Entry take on the 15minutes chart. Has price failed to break above the weekly doji candle.
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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.