AUDJPY Sell opportunity on a Double Channel Down pattern.
The AUDJPY pair is trading inside Channel Down pattern since the September 13 2022 High that is diverging some (dotted lines) to the 1D MA200 (orange trend-line). At the moment the price is ranged within the 1D MA50 (blue trend-line) and 1W MA100 (red trend-line).
Having previously broke below the 1W MA100, the current level is an ideal sell entry and with the 1D RSI showing similarities with with late 2022, we will target 83.450 as a Lower Low.
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Having previously broke below the 1W MA100, the current level is an ideal sell entry and with the 1D RSI showing similarities with with late 2022, we will target 83.450 as a Lower Low.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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