PeanutButter

AUDJPY JUNE MONTHLY STRUCTURE OHLC DAILY TIMEFRAME

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY
JUNE MONTHLY STRUCTURE
DAILY TIMEFRAME
OHLC (Sell Setup) 🚨

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Analysis of the AUDJPY pair's monthly structure in the daily timeframe suggests a potential selling opportunity (Sell Setup). Currently, price has opened at a high level and is showing signs of rejection below the resistance level at 92.658. It is advisable to exercise patience and wait for confirmation from the TDI (Trade Dynamic Index) indicator's cross, indicating the presence of sellers in the market. Additionally, it is important to observe price closing below 92.114 as a further confirmation. The initial target after the TDI Cross is reached in the daily timeframe is 91.348, with a secondary target of 90.838.

Please exercise caution and wait for valid entry points before executing any trades.

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Remember: P A T I E N C E + D I S C I P L I N E are essential elements in trading.

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