Audjpysell
AUDJPY BEARISH CONTINUATION SETUP Hi traders,
The AUDJPY reversed from a key resistance level and broke out of an ascending trendline and support level.
.
Currently, the price seems to be building a three-wave ABC zigzag corrective pattern labeled wave 2, and it has the potential to move further lower towards the 75.968 and 75.000 support respectively.
.
We will wait for the breakout of the blue counter trend line to confirm the bearish move or breaks below the red horizontal line @ 77.907 for a more conservative entry.
.
Thanks for reading!
Veejahbee.
AUDJPY ALERT - Sale is upon us :)AUDJPY has hit the top now. i am expecting this
bulls to come back in now. if it breaks the blue support
line then its should be going up.
Also Stoch RSI is in overbought territory
in the 2H chart.
See previous analysis
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE