Hi Traders,
AUDJPY is at a key level. Price can easily bounce off this level; however there seem to be a shift from a bullish to a bearish momentum. In order to confirm the change to a bearish condition, I will wait a break below the level. Then, we can look for a slight pullback on the lower timeframe for an entry. Take profit level will be at the next support.
Are you an AUDJPY bull or bear?
Remember to do your own trade analysis and use proper risk management.
AUDJPY is at a key level. Price can easily bounce off this level; however there seem to be a shift from a bullish to a bearish momentum. In order to confirm the change to a bearish condition, I will wait a break below the level. Then, we can look for a slight pullback on the lower timeframe for an entry. Take profit level will be at the next support.
Are you an AUDJPY bull or bear?
Remember to do your own trade analysis and use proper risk management.