Please take a look at the reasoning for taking shorts in the chart,
it lines up with the larger timeframe trend and includes best short
entries to reach target zones beyond the heavy order area.
(LTF should say HTF - higher timeframe)
The AUD/JPY market has been rallying since the beginning of this new week, we currently can observe price reaching the 71 resistance level. If we see price rejecting this level, This could be a great entry on the short term for sells.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider...
Hello guys,
Strong bearish engulfing pattern is in place after two previous attempts of AUD appreciation and close above 89. This move down was accompanied by a stochastic sell signal and reducing momentum both in the daily and monthly chart.
In my opinion, price will continue to trend lower despite the easing expectations which is associated with Abenomics....
