AUD/JPY Short Selling at the Top

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The AUD/JPY has made a strong resistance at the top. 88.6/W H4 camarilla/ATR pivot. We should see a move down.

1-2-3 pattern comes exactly at the resistance and we should see a strong move down. The move could happen today as there are a lot of sellers at the POC zone. See the wicks on the candlesticks. Targets are 84.01, 83.70 and 83.11. Additionally we also see a descending trend line at the top, between the points 1-3.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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