ForceFollower
Short

AUDJPY H1: Trending Down

FX_IDC:AUDJPY   AUSTRALIAN DOLLAR / YEN
54 0 5
AUDJPY             has just failed to make new minor lows. Is it a failure that would result in a breakout to the upside or just a pause before it resume downwards? I subscribe to the latter option: the downtrend is strong and its coninuation hasn't retraced by 61.8% yet. The JPY is the strongest currency, while the AUD is the weakest one. So, I believe good shorting opportunities may develop just below the last minor highs.
-----------
Disclaimer:
There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell. Rather, you should use the information only as a starting point for doing additional independent research, your own due diligence, in order to allow you to form your own opinion regarding trading decisions. No assumption should be made in relation to the performance or accuracy of the methods shown. No claims are made as to the success or profitability of any of my posts.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out