AUDJPY retested Resistance zone and looking for a corrective drop.
Indicators:
Pair is currently overbought and at a strong Resistance level.
Weekly RSI in a strong sell zone
Up trend line has broken, retested, and bounced off the back indicating downwards movement.
Entry:
1. Current price area
2. Wait for retracement on shorter time frame at 75.80 area
TP at next support at 72.00 area
Good luck trading!
Charles V
CVFX Management
cvfxmanagement.com
cvfxwealth
Indicators:
Pair is currently overbought and at a strong Resistance level.
Weekly RSI in a strong sell zone
Up trend line has broken, retested, and bounced off the back indicating downwards movement.
Entry:
1. Current price area
2. Wait for retracement on shorter time frame at 75.80 area
TP at next support at 72.00 area
Good luck trading!
Charles V
CVFX Management
cvfxmanagement.com
cvfxwealth
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.
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.