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AlkalineFX
Aug 20, 2020 2:21 PM

AUDJPY - New Structure Short

Australian Dollar/Japanese YenFXCM

Description

Price has now broken out of the respected ascending trendline and reached our first level of interest, we now expect to see price continuing to the downside. If you are patient, you may see a pullback into the marked structure, this may be a great opportunity to get involved in a sell position.

64% are net short according to the IG Client Sentiment

62% are short according to our COT source.
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