AUDJPY in a potential daily trend change. Risk off is on the table. Traded 50% short on Friday morning in NY and sold off pretty much all day. A 2nd chance short at 50% HWB short 91.90 would be a gift. If stocks keep selling off though, would expect it to head down to the 91.262 early in the week.
In my view, AUDJPY is preparing for sells. While the pair does not seem to be ready yet, I’m waiting for complete exhaustion of buyers/ buyers failure before getting onto the sell side. Will share further as the pair develops.
News: Unemployment news for AUD was poor for AUD which fuelled the push to the downside.
Bank holiday: EUR GBP and CHF are having bank...
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair broke its rising wedge and started falling down. One can take a sell signal.
Let us know your views on this in the comment section. Thank you all.
...
