Olu
Short

AudJpy: Rolling over?

FX:AUDJPY   Australian Dollar/Japanese Yen
38 3 0
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Olu
2 years ago
There is some support right where price is right now (look left) and that area must give way before shorting imho
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Zyggy
2 years ago
Hi Olu,
This aria of 92.00-92.20 is an interesting one. Look back for the last 51 days. When the price come down under it was rejected promptly above it. I think it is forming an accumulation zone (between 90.60 and 93.75). CCI is neutral on daily. Also, on weekly chart you may see a bullish engulfing candle. I am bullish here.
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Olu Zyggy
2 years ago
Hi Zyggy. I see your point here. There is a bullish engulfing candle on the weekly chart. I dont know how I missed that in the first place as I love engulfing candle trading. While price is still below the 50sma on the weekly the weekly stoch looks angling up. So I will not be taking a short right away. Thanks for bringing it to my attention
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