AUDJPY has been going up the past 2 weeks.
What's interesting:-
1. Price was stopped near the trendline - hence still bear biased.
2. There is no volume to support the upward trend or reversals - hence, the upmove is only a short lift.
3. A short pinbar appears on 11-Jul candle and the sell momentum as been great since.
4. Please take caution at level 80:80 as it may be stopped at the this support level.
I am looking for short only at this moment.
Do your own due diligence.
Regards,
Borneo3697
What's interesting:-
1. Price was stopped near the trendline - hence still bear biased.
2. There is no volume to support the upward trend or reversals - hence, the upmove is only a short lift.
3. A short pinbar appears on 11-Jul candle and the sell momentum as been great since.
4. Please take caution at level 80:80 as it may be stopped at the this support level.
I am looking for short only at this moment.
Do your own due diligence.
Regards,
Borneo3697