ForecastCity_World

💡Don't miss the great sell opportunity in AUDJPY

Short
FX:AUDJPY   Australian Dollar / Japanese Yen

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48


Take Profits:

TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020

SL: Break Above R2

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Comments

Good morning just got you analysis like my cup of coffee
+1 Reply
Good work!
Reply
thanks for sharing another great job
Reply
@MMBTtrader, It's our pleasure! Thank you for your support. All the best
Reply
nice setup, keep it up.
Reply
@sofi_Morphy, Thanks
Reply