AUDJPY has tested the strong resistance trendline once again as well the shorter support trendline. The support trendline is rising faster than the resistance trendline and therefore buying energy is less. A rising wedge is forming were the two trendlines meet and indicates that buying energy is becoming less.
Enter short trade when the current candlestick closes outside of the trendline
Set Take Profit order at resistance levels 71.774 and/or 70.640.
For the full signal check out my telegram channel Ot_forex .
Enter short trade when the current candlestick closes outside of the trendline
Set Take Profit order at resistance levels 71.774 and/or 70.640.
For the full signal check out my telegram channel Ot_forex .
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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.
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.