Anthony88

AUDJPY “Short” at resistance

Short
OANDA:AUDJPY   Australian Dollar / Japanese Yen

The bulls has been rejected at the resistance level. We can see a large green candle movement up to the resistance. However, when it is near to the resistance area the candle body become smaller thus showing signs of the market losing strength to break through resistance area. On Friday’s the candle closed as a doji and a even smaller candle body. Thus depending on today’s close we can determine our entry.
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.