OANDA:AUDJPY   Australian Dollar / Japanese Yen
Price has pushed up for a correction following a dive into bearish territory. Price is reentered the bearish zone below the cloud and RSI is reflecting overbought conditions. Going into the Asian session, expecting a dive further.. SL placed above cloud and TP taken once price breaks through resistance cloud from shorted position.. ATR also showing a safe price volatility zone to enter a trade..

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.