Initiating a short on AUD/JPY as risk sentiment deteriorates and technicals point to a downside move. The pair has failed to break above and is forming a potential lower high, with momentum indicators showing bearish divergence. A break below adds confirmation to the short setup.
Entry: [90.420]
Stop Loss: [90.920]
Take Profit:[88.570]
Risk/Reward Ratio: [1:3.7 R:R]
Timeframe: [ 4H / Daily]
Rationale: Risk-off environment favoring JPY strength, alongside potential weakness in AUD due to soft commodity prices and/or dovish RBA tone.
Entry: [90.420]
Stop Loss: [90.920]
Take Profit:[88.570]
Risk/Reward Ratio: [1:3.7 R:R]
Timeframe: [ 4H / Daily]
Rationale: Risk-off environment favoring JPY strength, alongside potential weakness in AUD due to soft commodity prices and/or dovish RBA tone.
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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.