Sticking with the intraday price action on AUDJPY again, we have seen another trading opportunity set up at the 75.00 big figure level.
AUDJPY in general, love the big figure levels, so when we see price reject at these round numbers we want to focus in on the price action on the lower time frames to see what other pieces of information can help us make a more...
-Possible shorting opportunity on this pair.
-Price has rejected my daily zone a few times and has also started to create a lower low and lower high.
How I will be entering:
-I will be waiting for a nice bodied bearish candle to form upon which entry will be taken.
-Stoploss shall be placed above previous high.