safri

Rectangle Pattern - AUDJPY (4Hrs)

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Hello Traders,

I hope everyone had a profitable week.

Here is something for the next week..

AUDJPY is in consolidation zone in a rectangle channel since last few days. It seems like price is resisting and will make downward move to retest the support area. Latest Engulfing Candle on resistance level and an overbought RSI indicate short entry.

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.