Here is my sell idea for AUD/JPY
Following the previous lower low, price is approaching an area of previous support and recent consolidation (15m).
We have our 61.8% Fib level in the middle of this mini consolidation.
Red box is highlighting the mini consolidation key level I am using to initiate my sell idea down to 83.800
We also have our 4h support of 84.500
Sell taken at 84.450
Stop at 84.540 to allow 4 pip wiggle room above that 4h support turned resistance.
Following the previous lower low, price is approaching an area of previous support and recent consolidation (15m).
We have our 61.8% Fib level in the middle of this mini consolidation.
Red box is highlighting the mini consolidation key level I am using to initiate my sell idea down to 83.800
We also have our 4h support of 84.500
Sell taken at 84.450
Stop at 84.540 to allow 4 pip wiggle room above that 4h support turned resistance.
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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.