AUDJPY EXPECTED TO DROP
Confluence to sell:
1. Price break ascending trendline
2. Price fail to form new high.
3. Price expected to reject 78.6% fibo retrace, trendline at point 3? and resistance zone.
* if price break above point ascending trendline point 3? then this analysis is invalid.
Warning; Please be careful cause price still above sma 200 and for fundamental analysis aud currency expected to be strong.
1. Price break ascending trendline
2. Price fail to form new high.
3. Price expected to reject 78.6% fibo retrace, trendline at point 3? and resistance zone.
* if price break above point ascending trendline point 3? then this analysis is invalid.
Warning; Please be careful cause price still above sma 200 and for fundamental analysis aud currency expected to be strong.
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.