AUD/JPY Short Selling At The Top

The AUD/JPY has made a strong resistance at the top. 88.6/W H4 camarilla/ATR pivot. We should see a move down.

1-2-3 pattern comes exactly at the resistance and we should see a strong move down. The move could happen today as there are a lot of sellers at the POC zone. See the wicks on the candlesticks. Targets are 84.01, 83.70 and 83.11. Additionally we also see a descending trend line at the top, between the points 1-3.

(Click on image to enlarge)

 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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