AUD/JPY - Third touch of top trendline coinciding with... Short

AUD/JPYOANDA

Description

⋅ Jan 14, 2021 4:29 PM

A key long term resistance zone. Price is getting squeezed in this rising wedge type structure. This week we've seen indecision with increased sellers in the market at this key level. Will we see a break of structure and move to the downside?

Happy Trading. And always manage risk!

Comments

HemiBillions

⋅ Jan 15, 2021 6:44 PM

might be onto something here

Jal121

⋅ Jan 15, 2021 7:21 PM

@HemiBillions we’ve seen plenty of bearish pressure today which is nice. Let’s see. Thanks for the comment.