AUDJPY: Selling Opportunity

The price bounced from 70.00 resistance. RSI is bearish as well as MACD.
It looks like the market is going to start a new downside movement with the starting point at the resistance.

If the price breaks the local uptrend line, it will be a sell signal. Search for the exact entry and exit points using the daily and hourly charts.



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.

Comment:

The price did not break the local uptrend line. It moved upside to SMA100. Probably we will get sell signals from SMAs. But for now, the trading idea does not work.