AUD/JPY SHORT
Shorting opportunity for AUD/JPY/ Having hit a strong Monthly Resistance level, there can be an idea of a perfect shorting opportunity. After the news of the Home Loans MoM. being forecasted at -1% and actually being -7.3%, has seen a large push to the upside for all pairs against the AUD pair. This price is tremendously high and the if the the Monthly S/R, can hold its strong resistance, should lead to massive profits from shorting. Have seen a market move in consolidation on the 15minute chart, look for a strong touch of the Monthly S/R or Cross of the MA and VWAP.
Happy Trading.
Happy Trading.
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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.