AUDJPY Short

2024年5月30日

We can see that AUDJPY has made a double top, and currently has broken the upward trend, i am currently in a short position with targets at 102.857, it is important to observe whether prices would rebound off 103.500 with previous double bottom making the current drop a possible triple bottom

2024年5月30日

交易進行

will it break the previous double bottom?

2024年5月30日

交易進行

1h candle has break through previous double bottom support

2024年5月30日

交易結束：目標達成

we see a strong rejection on the double bottom

2024年5月30日

註釋

currently it seems that AUDJPY is trading within the zones of the double top and bottom

2024年5月30日

註釋

while all other yen pairs give bearish sign such as a strong 1h rejection candle, I would personally not trade AUDJPY as the reasons above, it seems to be trading within 103.474-104.564, it would be important to be patient as inflationary pressures for Australia is still relatively strong