Bearish Indication of SOYANEAN OIL. As the big players are in profit-taking mode after the uptrend, the price continues to fall. Besides, the demand side of soyabean is at uncertain as one of the leading consumers, china is dealing with covid-19 pandemic again.
This a fresh Demand Level and never used before. There is a high probability that price will turn back and start of a bullish movement. Note: This week has lots of high impact news related to this pair.
If BTC fail to break 12500 then we may see a fall of BTC by confirming the downward swing pattern.
Looking for Short in the AUDJPY pair. Reason for selling is: 1) down channel Confirmation Tools: 1) MA direction is down or similar to down trend 2) MACD is below 0 level