ForexaSolutionsAcademy

BULLISH ENGULFING AT RESISTANCE NOT A GOOD SIGN TO SELL

OANDA:AUDJPY   Australian Dollar / Japanese Yen
Hello Traders

Here is my view on AUDJPY.

After yesterday's candle close price formed a bullish engulfing near resistance which is not a good
sign to sell. This simply mean that buyers still dominate and it is risky to sell BUEB with momentum.
I will be monitoring this pair closely as i'm looking for resistance breakout or momentum loss if
i want to sell.

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