AUDJPY short opportunity
Since JPY is oversold, we expect now a correction for all of the JPY pairs.
We can see that there is bearish RSI divergence observed on 1H timeframe and price is now creating rising wedge. If wedge breaks downside and price closes 1H below 50MA, I will short on this pair.
We can see that there is bearish RSI divergence observed on 1H timeframe and price is now creating rising wedge. If wedge breaks downside and price closes 1H below 50MA, I will short on this pair.
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