AUDJPY - SELL IDEA
Looking at AUD/JPY on the 15-minute chart, the setup indicates a potential short opportunity. We've just completed a corrective wave (3) to the upside, which is typically followed by a retracement or continuation of the downtrend. The price is showing signs of resistance near the 98.30 level, with a potential drop to the 0.382 Fibonacci retracement level around 98.113.
This suggests that the market could be gearing up for a downward move as it enters wave (4). Given the overall wave structure, this could be a key area to consider short positions, aiming for the lower Fibonacci levels as the market retraces before potentially continuing its upward trend.
This suggests that the market could be gearing up for a downward move as it enters wave (4). Given the overall wave structure, this could be a key area to consider short positions, aiming for the lower Fibonacci levels as the market retraces before potentially continuing its upward trend.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.