AUDJPY has put a massive rally last week but ended it forming a clean continuation pattern (bear flag) within a larger bearish formation (falling wedge).
Although a break out higher is possible, the best Risk Reward Ratio is currently found on the short side.
Although a break out higher is possible, the best Risk Reward Ratio is currently found on the short side.
Comment:
Clean reversal day from resistance area keeps the door open for further downside.