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Lingrid
Mar 28, 2024 7:46 AM

Lingrid | AUDJPY Short from the RESISTANCE zone Short

Australian Dollar/Japanese YenFXCM

Description

The price perfectly fulfilled my last idea. It hit the target level. FX:AUDJPY went up from its support level and tested the resistance zone and channel borders. The price broke the range zone, and it rejected the resistance. The market bounced off from this level before, so I think the market broke the equal lows that formed, which are previous daily lows. I expect the market to move down and test the key support level because, on the daily timeframe, the price reached a strong resistance zone. My goal is the support level at 98.000



Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Comments
JoeChampion
Stocks feels bearish which is negative for AUD and BoJ may intervene! so i think AUDJPY downsides is very possible!
Lingrid
@JoeChampion, thanks for sharing your thoughts!
Setupsfx_
Great idea, agree with you on thus
Lingrid
What do you think, guys? Feel free to share your ideas ✌️?
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