Yesterday AUD/JPY was bullish after a couple weeks of bearish run. Long term price action is still bearish and it’s still respecting the curve. Before placing any position for shorts make sure to wait for price action to confirm with a rejection candle ( long wick, rejection, or engulfing candle or another lower low) before placing a bearish trade. Remember to never chase a trade
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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.