AUD/JPY Expecting a move down
Updated
Yo traders,
If you have followed my last week trade the price has moved perfectly towards the Fib level as expected.
Presently price has broken through the pattern and retesting.
If you look at the 1 Hr TF RSI had given us divergence indicating reversal and also presently the price is retesting the 200 EMA which has been a level of support in the past and now should act as resistance.
I will be short on this pair.
Like and comment to support
Thanks
Madtradex
If you have followed my last week trade the price has moved perfectly towards the Fib level as expected.
Presently price has broken through the pattern and retesting.
If you look at the 1 Hr TF RSI had given us divergence indicating reversal and also presently the price is retesting the 200 EMA which has been a level of support in the past and now should act as resistance.
I will be short on this pair.
Like and comment to support
Thanks
Madtradex
Note
Price moved up retested the trend formed a double top and went down as expected
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