AlbionTrader

AUDJPY potential breakout SHORT - waiting for confirmation

FX:AUDJPY   Australian Dollar / Japanese Yen
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#AUDJPY hitting the head on 85.345 and possible breakout downwards towards former supports at 84.575 and 83.99

Comments

Needless to say this is trending up now, so the buy order under the acceleration point has been cancelled.
We know that breakout strategies are not the most probable strategy to go the direction we want (despite several hits on the resistance including two bearish pin-bars), but setting correctly entry points leaves us just fine.
Let's see how the pair reacts to the level 86.255 now
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