Looking at a chance for a 100pip+ movement to the downside. On average we see the most movement in the first 8 candles on the 15min time frame. Will look for hopefully a retest of the breakout areas and a downside move is evident. There is also RSI Bearish Divergence, which gives us confluence for a strong move to the downside.
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...
