SELL AUDJPY
AUDJPY is making lower highs and lower lows which indicates a downtrend, we're looking to go short on this one after the the trendline breakout maybe we'll see a pullback to retest the broken trendline and then shoot down until the next trendline or supply/demand zone.ADX is above 25 and looks like its going up ,indicating a strong downtrend. Or price may also retrace from that 38.2 fib and go up.We will wait and see what the price is about to do.Trade at your own risk.
Trade closed: target reached
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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.