Double Top Spotted on AUDJPY Plus SMA Break
Double Tops pattern spotted on AUDJPY which has been on a strong uptrend. Price cannot break the peak anymore and lower highs are formed plus a strong break of the 20 SMA.
Strong positively correlated pairs such as CADJPY and NZDJPY have already started the possible downtrend.
RSI Divergence is also spotted on AUDJPY as marked on the chart.
This might be a good entry point for a reversal trade.
Strong positively correlated pairs such as CADJPY and NZDJPY have already started the possible downtrend.
RSI Divergence is also spotted on AUDJPY as marked on the chart.
This might be a good entry point for a reversal trade.
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