Don't miss the great sell opportunity in AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Jul 30, 2020 3:56 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 74.65
TP2= @ 73.95
TP3= @ 73.30
TP4= @ 72.50
TP5= @ 71.80

SL: Break Above R2

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Comments

fxniki

⋅ Jul 31, 2020 2:23 PM

Thanks for sharing such a great sell opportunity in AUDJPY.

ForecastCity

⋅ Jul 31, 2020 2:40 PM

@fxniki, You're welcome. 💎🙏💎

StevenK.Fisher

⋅ Jul 31, 2020 9:01 AM

reaching back 20 years there is major support at 54.50 year 2000 year 2008 and the messed up economy of 2020. hears to 2000 pips south

ForecastCity

⋅ Jul 31, 2020 10:46 AM

@StevenK.Fisher, Thanks for sharing your point of view with us. 💎🙏💎

Mehmetozdemi

⋅ Jul 30, 2020 10:37 PM

Thanks for your ideas you really stunning

ForecastCity

⋅ Jul 30, 2020 10:48 PM

@Mehmetozdemi, Thanks for your kind comment. We hope you enjoy it. 💎🙏💎

sara-kian-fx

⋅ Jul 30, 2020 9:31 PM

WOW, perfect analysis!!

ForecastCity

⋅ Jul 30, 2020 10:14 PM

@sara-kian-fx, 💎🙏💎

Kristalyn

⋅ Jul 30, 2020 5:22 PM

Thank you!

ForecastCity

⋅ Jul 30, 2020 5:33 PM

@Kristalyn, You got it!