AUDJPY 4HR 9/22/19
Short Idea
AudJpy made a great reversal around a higher time-frame resistance zone last week confirming a continuation of the overall trend. This reversal also included a rejection from the 38.2% daily fib level.
We’re looking to enter short on a retest of broken structure, the 200 ema & a 4hr 61.8% fib level.
Ideally we would see price come up test our area and show a ton of exhaustion. Any strong bearish variance would apply as confirmation as well.
Looking to target toward 71.250, a major support level.
Short Idea
AudJpy made a great reversal around a higher time-frame resistance zone last week confirming a continuation of the overall trend. This reversal also included a rejection from the 38.2% daily fib level.
We’re looking to enter short on a retest of broken structure, the 200 ema & a 4hr 61.8% fib level.
Ideally we would see price come up test our area and show a ton of exhaustion. Any strong bearish variance would apply as confirmation as well.
Looking to target toward 71.250, a major support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.