AUDJPY Technical Analysis / Follow Up

2020年8月2日

⭐️Key Takeaways⭐️

✔️ Double Top Daily but price action still making higher highs
✔️ Waiting for the pair to give me further directional clues

⭐️Technical Analysis⭐️

As of writing this article, AUDJPY seems to consolidating rather than correcting. It does appear to have a double top currently but that reversal pattern could very well be discredited if this pair wants to move higher. In terms of risk to reward, I'd like to wait for some further confirmations of a bear trend emerging. The first clue will be if we're able to make a lower low on the daily timeframe.

Regards,
Michael Harding

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Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.