- October 5, 2020
- Posted by: virtualxstore
- Category: trading
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AUDJPY Short idea
Weekly Trend: Bearish
Daily Trend: Bearish
Trade scenario 1: Price action continues with the bearish break and forms a lower high below our daily structure. Look to enter short on strong bearish setups, target lower toward key support and negative fib levels.
Trade scenario 2: Price action reverses and breaks through our monthly resistance at 76.500. Look for a confirmed higher low followed by strong bullish setups to enter on.
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