AUDJPY “Short” at resistance

8 באפר׳ 2019

The bulls has been rejected at the resistance level. We can see a large green candle movement up to the resistance. However, when it is near to the resistance area the candle body become smaller thus showing signs of the market losing strength to break through resistance area. On Friday’s the candle closed as a doji and a even smaller candle body. Thus depending on today’s close we can determine our entry.