AUD/JPY Bearish structure with entry point!
Good afternoon traders,
I was examining the AUD/JPY exchange rate ahead of the USD data, and I noticed that a bearish pattern has formed with a very interesting entry point. In fact, we have a reversal point within a supply zone supported by volumes and an impressive 15-minute chart at the level of 94.47. In summary, all the elements are in place to consider a short position in case of a bounce in that area. Naturally, I will wait for the data before making an entry since we never know what volatility might impact the market. Let me know what you think, leave comments, and give a like. Happy trading to all.
I was examining the AUD/JPY exchange rate ahead of the USD data, and I noticed that a bearish pattern has formed with a very interesting entry point. In fact, we have a reversal point within a supply zone supported by volumes and an impressive 15-minute chart at the level of 94.47. In summary, all the elements are in place to consider a short position in case of a bounce in that area. Naturally, I will wait for the data before making an entry since we never know what volatility might impact the market. Let me know what you think, leave comments, and give a like. Happy trading to all.
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