AUD/JPY Potential Supply Area Reversal (Short Trade opportunity)
Updated
AUD/JPY is currently forming a double top inside the supply area on the weekly time frame. Waiting for the weekly candle to close this week before considering a short trade on this pair for next week.
Will continue to update this discussion as necessary for possible short trade setup going into next week.
Today's daily market outlook video has been posted: youtube.com/watch?v=LEDi0uxZKAQ
Will continue to update this discussion as necessary for possible short trade setup going into next week.
Today's daily market outlook video has been posted: youtube.com/watch?v=LEDi0uxZKAQ
Note
Price on the AUD/JPY was reset over the weekend. A short trade has triggered. Currently looking for price to head down into the next demand level set at 80.622 to 81.765
Trade active
Note
Price continues to approach potential demand. Need to watch this area closely as price may struggle in this area due to heavy buyers trying to push market up.
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