Hi everyone:
Similar like NZDJPY, AUDJPY's price action is very similar. WE see a higher time frame double tops, price gets there very corectively, which is a good indication the move could end and short term sell is presenting opportunities.
On the lower time frame, price broke down from a ascending channel impulsively, so same idea would be wait for correction to confirm the downside move.
Thank you
Similar like NZDJPY, AUDJPY's price action is very similar. WE see a higher time frame double tops, price gets there very corectively, which is a good indication the move could end and short term sell is presenting opportunities.
On the lower time frame, price broke down from a ascending channel impulsively, so same idea would be wait for correction to confirm the downside move.
Thank you
Note
Note
After the FOMC meeting, and the market quiet down, I see the correction finished. Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.