Short
AUDJPY - Shorting on a balance zone
The major trend for AUDJPY is bullish. But, it is undergoing a "m" ranging now. And hit the resistance and potentially going down from here.
If we zoom in and get the detail have a look inside this ranging correction, we can see the seller stronger now by time to time. In H1 time frame for example, we see price below "resistance zone" and testing kijun sen and still can not pass yet. So, price also can go down from here (84.330). Whatever strategy you use, think to sell now. For market does not give a clue to buy at that moment. Rather, showing us, there is a slight imbalance towards down (seller stronger than buyer ).
Good luck
If we zoom in and get the detail have a look inside this ranging correction, we can see the seller stronger now by time to time. In H1 time frame for example, we see price below "resistance zone" and testing kijun sen and still can not pass yet. So, price also can go down from here (84.330). Whatever strategy you use, think to sell now. For market does not give a clue to buy at that moment. Rather, showing us, there is a slight imbalance towards down (seller stronger than buyer ).
Good luck
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