AUD/JPY possible bearish price movement
Good morning Traders,
let's finish this week strong and get ready for well deserved weekend.
Take a look at AUD/JPY on 1H chart. Price has recently bounced from Descending Chanel resistance line and now is heading back down towards support line.
This is swing trade as it may take couple of days next week to complete this trade, if you don't have anything against holding a trade over weekend then you can open short positions right away as we can see that price has shown bulls have run out of power.
Do you agree with us ? Let us know in comments your view about this idea :)
SELL @ 69.178
TP1 - 68.678
TP2 - 68.178
SL - 69.678
let's finish this week strong and get ready for well deserved weekend.
Take a look at AUD/JPY on 1H chart. Price has recently bounced from Descending Chanel resistance line and now is heading back down towards support line.
This is swing trade as it may take couple of days next week to complete this trade, if you don't have anything against holding a trade over weekend then you can open short positions right away as we can see that price has shown bulls have run out of power.
Do you agree with us ? Let us know in comments your view about this idea :)
SELL @ 69.178
TP1 - 68.678
TP2 - 68.178
SL - 69.678
Trade active:
TP1 hit close half positions and move SL to remaining positions entry price.
