AudJpy sell set up
AUDJPYThere are a couple of reasons why we took this trade.
1. The trend is bearish. Earlier this month, price broke the 81.0 resistance and has bearish ever since then.
2. We are now approaching the 81 level which is a key resistance. Since the trend is bearish we are hereby looking for signs of weakness.
3. Formation and completion of a bearish gartley pattern.
Let us see how this will play out.
Trade closed: stop reached
Note
We are still bearish but as for now we wait for another sell set up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.