AUDJPY update, price has passed a dynamic level of support and resistance. Price passed the support last night, therefore indicating that price will be bearish.
The next confirmation is that it is below the EMA 50 as well, price at the moment is going to make more lower low till it touches the Daily trend line before it starts going up again.
Let us see what happens, I have taken a short on this after last night's long(SL HIT).
I believe it will continue to go down.
The next confirmation is that it is below the EMA 50 as well, price at the moment is going to make more lower low till it touches the Daily trend line before it starts going up again.
Let us see what happens, I have taken a short on this after last night's long(SL HIT).
I believe it will continue to go down.