Short Position: Bearish Rising Wedge!!!
Today, in AUD/JPY we see that Australian Dollar is continue to drop based in the speculate news that China is into the recovery of the covid-19.
'But, the short position could be limited just to find down this ultimate opportunity.
So, talking of the trend, we see that AUD.JPY in H1 and H4 timeframe is continue in bearish trend.
But, in Daily we could see another high probability that we could to reverse the trend to then entry in this red zone that is a weekly timeframe to bought!!!
So, I'm in bearish in AUD/JPY for limited!!!
Also to recall that today we have a Reserve Bank of Australia meeting about the Australia interest rate. So about of this economy, Australia is in good status and well, I believe that that sector could be to prove-AUD in positive, but I'm trade with my technical analysis, becuase this par is move a lot by technical analysis, and AUD and JPY doesn't move by fundamental. But in summary, in Daily we could see a possible reverse of the trend to goes to bought AUD/JPY in this stategy o supply and demand!!!
'But, the short position could be limited just to find down this ultimate opportunity.
So, talking of the trend, we see that AUD.JPY in H1 and H4 timeframe is continue in bearish trend.
But, in Daily we could see another high probability that we could to reverse the trend to then entry in this red zone that is a weekly timeframe to bought!!!
So, I'm in bearish in AUD/JPY for limited!!!
Also to recall that today we have a Reserve Bank of Australia meeting about the Australia interest rate. So about of this economy, Australia is in good status and well, I believe that that sector could be to prove-AUD in positive, but I'm trade with my technical analysis, becuase this par is move a lot by technical analysis, and AUD and JPY doesn't move by fundamental. But in summary, in Daily we could see a possible reverse of the trend to goes to bought AUD/JPY in this stategy o supply and demand!!!
Trade closed manually