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Australian Dollar / Japanese Yen
Short

Monthly corrective structure-AUDJPY

By Ometrading
Updated
After a year in a corrective structrure, this pair could experience a new bearish scenario. MA50&61.8% fibonacci retracement has been rejected. We can expect the new bearish scenario if the breakout is confirmed. Stay tuned.
Comment
Big bearish movement expected-AUDJPY
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Break out has now occured
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We could see a continuation of the bearish trend the next weeks
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After a corrective scenario those two last months, price is showing bearish signals at 4H timeframe. We could see a new bearish impulse next weeks
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Price developed as we predicted 9 months ago. Still have short potential
Trade closed: target reached
Perfectly played.
audAUDJPYDouble Top or BottomFibonacciFibonacci Retracementjpylong-termpipssetuptrumpWave Analysis
Ometrading
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