AUDJPY is seeing multiple strong resistances giving us a good opportunity to sell.
Sell below 83.30. Stop loss at 84.27. Take profit at 81.58.
Reason for the trading strategy (technically):
Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
Sell below 83.30. Stop loss at 84.27. Take profit at 81.58.
Reason for the trading strategy (technically):
Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.