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ICmarkets ICmarkets AUDJPY, 60, Short ,
295 0 5
AUDJPY, 60 Short
AUDJPY testing resistance, potential reversal!

AUDJPY is testing its resistance at 83.58 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where it could reverse down to its support at 82.70 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

NunoNascimento NunoNascimento AUDJPY, 240, Short ,
43 0 4
AUDJPY, 240 Short
AUDJPY

AUDJPY hit a supply area On the 240m price made a higher high with a lower high on the RSI wich means a bearish divergency Also the short term uptrend was broken. Agressive entry can short now an a more conservative approach can wait for a retest to the broken uptrend line This trade offers a good RR

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