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ForecastCity
Feb 25, 2020 8:12 PM

Don't miss the great sell opportunity in AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (73.17). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.

Take Profits:
TP1= @ 72.40
TP2= @ 71.80
TP3= @ 70.90

SL: Break Above R2
Comments
sara-kian-fx
Very thoughtful, congratz n thanks a lot giving me a better direction and surely earning money. Two thumbs up and God bless you always!
ForecastCity
@sara-kian, Thanks. we hope you enjoy it.
fxniki
I won't miss such a great opportunity. Thanks for sharing it.
ForecastCity
@fxniki, You're welcome.
Trojan43
Great analysis as always, one question: Who does the analysis for intraday forecasts?
ForecastCity
@Trojan43, Thanks for your comment.
Best_Forecast
Thank you for your insight.
ForecastCity
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