glennmercer

AUDJPY Reversal Coming

Short
glennmercer Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Sell stop below recent lows. I like the way this is losing momentum, with overall bearish bias to target.
Comment:
Still waiting for confirmation...
Order cancelled:
No trade here at least in early NY hours. Will be looking at recent weekly highs for potential dropoff.
Comment:
Did not post update, but reversed at weekly high as expected. Hope everyone had their stops in place if you were long (trade talks headline). Cheers!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.