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TheCryptagon
Oct 12, 2023 7:40 PM

AUDJPY Sell pattern after Lower High rejection. Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

The AUDJPY pair is testing the 1day MA50 today having formed Lower Highs since the June 19th peak.

If the 1day MA50 breaks, the MA200 should be put up for testing but it is more likely to test the July 28th Low as the same weak pattern did in 2022.

Sell and target 92.000 (over the 0.5 Fibonacci level).

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Comments
TheFxAce
Your short viewpoint is rigorous and thought-provoking.
DeGRAM
Great work.
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