AUDJPY: Increasd momentum. Daily confluence
ENTRY: 81.9
STOP LOSS: 82.2
TARGET: 81.4
Selling momentum is increasing on h1 timeframe with each test of resistance (81.95) leading to a larger rejection.
Multiple timeframe confluence with the daily candle closing as a bearish rejection of resistance at 82.00.
The stop loss is protected by that same resistance level.
There is a support level at 81.7. I'll close the trade if the market reaches this area and shows bullish signs.
YEARN-FOREX
STOP LOSS: 82.2
TARGET: 81.4
Selling momentum is increasing on h1 timeframe with each test of resistance (81.95) leading to a larger rejection.
Multiple timeframe confluence with the daily candle closing as a bearish rejection of resistance at 82.00.
The stop loss is protected by that same resistance level.
There is a support level at 81.7. I'll close the trade if the market reaches this area and shows bullish signs.
YEARN-FOREX