AUDJPY has broken out of a supportive trendline, and is currently retesting it. Also, AUDJPY is showing signs of rejection at a resistive trendline, indicating bearish potential. Bears can look to short the pair now, with a stop loss a few pips above the resistive trendline.
Traders should be sure to wait for the market to move in such a manner that it satisfies their strategy. Use proper risk management,
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Best of luck traders!
Traders should be sure to wait for the market to move in such a manner that it satisfies their strategy. Use proper risk management,
Be sure to follow me for more ideas and analyses.
Best of luck traders!