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Life_In_Forex

AUDJPY Short

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Life_In_Forex  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators AUDJPY audjpyshort audjpyanalysis
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trendanalysis chartpattern indicator audjpy audjpyshort audjpyanalysis
AUDJPY has had a big pull upwards and is looking to take out a monthly doji where liquidity is being held. We expect price to hit this point and reject; moving in the opposite direction. JPY has set a new low on the daily momentum meter, despite the monetary policy it released and the fundamentals surrounding JPY, it is due a pullback. AUD has been strong a while and set to lose some of that strength. We will be waiting to see a bearish daily candlestick that looks appealing and taking the trade upon pullback after that candlestick presents itself.

R:R 1:13:2

GL.
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