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Norsefx
Mar 19, 2024 3:25 PM

Aud/Jpy High timeframe trendline reversal? Short

AUD/JPYOANDA

Description

BOJ Raised rates first time in 17 years today.
I expect that the JPY will set a new long term trend based on this.
And i will do what i can to take advantage of such a oppurtunity.

Right now price is at a higher timeframe trendline and i am now short based on that alone.


If price breaks to the upside from this level i will use the same trendline or Ema 50 1H to get long.
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