Price re-tested and failed to break resistance zone numerous times. This may signal a bearish bias on AUDJPY Daily timeframe. There are a few support zones, let's see if price can break them.
Kommentar
⋅
Daily candle forming a wick on the support area. We need a bearish momentum candle to see any more downside for this pair.
Kommentar
⋅
First target hit. More downside expected for this pair.
Kommentar
⋅
2nd target hit (280 pips thereabout depending on your entry). Close all positions and take all profit if you haven't. Price seems like it is forming a bullish pin bar candle on Daily timeframe. Only a close will tell us.
Kommentar
⋅
Am short on this pair now. TP target at the previous swing low but has potential to drop to highlighted lowest blue rectangle zone. Current view: