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ForecastCity
Jul 7, 2021 12:51 PM

💡Don't miss the great sell opportunity in AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (83.33).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 49.

Take Profits:
TP1= @ 83.03
TP2= @ 82.67
TP3= @ 82.50
TP4= @ 82.34
TP5= @ 82.15

SL: Break Above R2

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Comments
Lizabet
Clear analysis.👍
ForecastCity
@Lizabet, Thank you. We appreciate your support
Mehmetozdemi
Nice overview of the trade, thanks for sharing
ForecastCity
@Mehmetozdemi, It's our pleasure! Thank you for your comment.
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