AUD/JPY Expecting a move up in Short term for correction
Yo Traders,
AJ absolutely slid last week and the resistance did not hold as i expected.
If you see on the multiple TF analysis, the daily TF is now at the 200 EMA. If this holds we will be in a correction for the last swing approx in between the 61.8% and 50% FIB level on 4H TF. The RSI is also presently in the oversold range.
Lets wait and watch how the price moves.
Thanks
Madtradex
AJ absolutely slid last week and the resistance did not hold as i expected.
If you see on the multiple TF analysis, the daily TF is now at the 200 EMA. If this holds we will be in a correction for the last swing approx in between the 61.8% and 50% FIB level on 4H TF. The RSI is also presently in the oversold range.
Lets wait and watch how the price moves.
Thanks
Madtradex
Note
Price moved perfect as expected
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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.