AUDJPY Short

Updated
WEEKLY:
Rejections across a few weeks to push price higher. Price trading in the 20/50 ema area.

DAILY:
For a number of days, stall of price just below the 200ema - also looks to be a right shoulder forming to complete a H&S pattern.

4hr:
Price stall is highlighted across this area with bearish MACD Divergence indicating that price may look to reverse.

1hr:
A break down below the 20/50ema

Trade active
Price slowly making its way down to TP. Summer Stall :-D
Trade closed: target reached
AUDJPYaudjpyshortTrend Analysis

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