AUDJPY possible reversal around resistance
on DAILY: AUDJPY is testing a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.
on M30: AUDJPY is trading inside our two red trendlines, but the lower trendline is not valid yet, so we are waiting for a third swing to form around it to consider it objective and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
and as usual, AUDJPY would be overall bullish, until the sell setup is activated.
on M30: AUDJPY is trading inside our two red trendlines, but the lower trendline is not valid yet, so we are waiting for a third swing to form around it to consider it objective and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
and as usual, AUDJPY would be overall bullish, until the sell setup is activated.
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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