Technician
Short

AUDJPY: An attempt to read price action

FX:AUDJPY   Australian Dollar/Japanese Yen
520 1 7
AUDJPY             is showing bearish price action in my view, as price failed to hold above the latest major swing high at 95.67 forming a gravestone doji candle, before dipping back below that level. The following bullish attempts was also rejected sharply forming a bearish shooting star . Such price action could be telling price is heading for more downside, or at least a period of choppy sideways action. I look for 94.45 as an initial downside target.

Good luck, join me at:
https://twitter.com/thefxchannel
thefxchannel.com
My trading channel https://telegram.me/technician_forex_trades

Related Ideas

vaicru PRO
2 years ago
very good
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out