Price formed a double top at the resistance to signal trend change. Then it formed a lower low then a lower high which confirmed the downtrend. TP is 130.70, next major support on the 4H timeframe.
Don’t miss the great sell opportunity in AUDJPY. Price is moving to a major resistance level. If price reject the resistance level, traders can enter the trade based on price action signal.
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Price was in a downtrend until it got to a daily support level and it respected the support level. Price moved up to form a new higher high and new lower high is being formed which means uptrend. Wait for price action to occur at the key level to long gold to $1804.
