AUDJPY: Open Lower Today Gives Us The Go Ahead To Short! #Forex

FX:AUDJPY   Australian Dollar / Japanese Yen
225 3 5

An open lower would be ideal for shorts. We have the short in technicality, but it isn't significant, and we can see the bears aren't in this market with force, we can tell this along by the Doji's. An open lower might encourage people that went aggressive long into the pullback to take their profits out of fear and lack of patience, giving us the flow through to bring bearish velocity into the market.

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Yeah it's on the cliff edge, actually been quite frustrating thus far!
I'll keep my eyes on this one, looks like it might head down after a breather.
+1 Reply
Loosening of volatility and increased reaction participation should stabilise soon, getting these moves more reliably.
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