Tomorrow I would like to focus on the short opportunity on AUDJPY
. As can be seen, upside trendline
and horizontal support have been broken, and the price also has a fake breakout movement on the horizontal resistance (which is previous support). Yesterday's large bearish
candle determines short-term selling market, I'd like to look for sell signals on lower time frame when price breaks yesterday's low at around 87.10. There is a possible day upside trendline
below, try to protect short position when price reaches there. Price is possible to test 85.50 support, and then 85.56 support if it continues to drop.