audjpyanalysis

want to see a clean push through this amazing level, hoping Japanese CPI result can push it down cleanly. looking for a retest at the level

Sell below 85.06. Stop loss at 05.25. Take profit at 84.38. Reason for the trading strategy (technically): Price is approaching major resistance at 85.06 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level for a drop to at least 84.38 support (Fibonacci retracement, horizontal overlap support). Stochastic...