AUDJPY
Updated
Here is my markup for AUDJPY dated 10/06/2024.
As expected AUDJPYs growth has had an increase is bearish pressure. Signs of a bearish takeover are emerging, suggesting possible short-term or further consolidation since the impressive rally in early May.
After breaking key structure and shifting momentum i can see a big sell off coming and I hope you can see why.
Using Fibonacci I have found an extreme area of premium pricing to short from. Firstly targeting the most recent low and eventually the imbalance to the left.
As expected AUDJPYs growth has had an increase is bearish pressure. Signs of a bearish takeover are emerging, suggesting possible short-term or further consolidation since the impressive rally in early May.
After breaking key structure and shifting momentum i can see a big sell off coming and I hope you can see why.
Using Fibonacci I have found an extreme area of premium pricing to short from. Firstly targeting the most recent low and eventually the imbalance to the left.
Trade active
My entry has been triggered.
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