borneo3697
Short

AUDJPY - Fake Reversal?

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY has been going up the past 2 weeks.

What's interesting:-

1. Price was stopped near the trendline - hence still bear biased.
2. There is no volume to support the upward trend or reversals - hence, the upmove is only a short lift.
3. A short pinbar appears on 11-Jul candle and the sell momentum as been great since.
4. Please take caution at level 80:80 as it may be stopped at the this support level .

I am looking for short only at this moment.

Do your own due diligence.

Regards,
Borneo3697

Comments

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