FX:AUDJPY   Australian Dollar / Japanese Yen
173 0 0
looks like AJ is consolidating before sharp move down in 5th and final wave of the trend. Cofirmed by non-divergence of RSI . 200MA is capping the price providing the resistance. On weekly chart there is a series of inside bars. On daily there is a bull candle then dodgy, then bear candle bouncing of the 200MA and two inside bars.. looks like bearish setup. I put SL above previous resistance level as I learnt the lesson of putting stops too tight which often get knocked out. I guess it is a feature of modern markets, hunting for stops, I mean.
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