AUDJPY Bull Exhausting - Look to Sell
AUDJPY has been climbing up and also breaking the monthly down trendline. Long term I expect this price to climb up higher but there is an opportunity to capture the retrace here.
Look to enter at next resistance area of 80.60 targeting 78.50 with short stop loss OR
Wait for up trend line break and enter on the backside of it down to 77.50 area.
Once price heads back to 77.50 area I will be looking to buy beyond 80.00.
This is a good trade to keep on the side and watch and enter when we have our indicators.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
Look to enter at next resistance area of 80.60 targeting 78.50 with short stop loss OR
Wait for up trend line break and enter on the backside of it down to 77.50 area.
Once price heads back to 77.50 area I will be looking to buy beyond 80.00.
This is a good trade to keep on the side and watch and enter when we have our indicators.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
Comment:
Price currently right on up trend line. Wait and see how price reacts to this level, we are waiting for a break below to sell.
