Dale_Ansel

AUDJPY - NICE DOWNTREND ON DAILY - SHORT

Short
FX:AUDJPY   Dollaro australiano / Yen giapponese
12
I have a good feeling on this one. Overall bias/trend is DOWN on the daily chart.
Lower High, followed by multiple Lower Lows. We have a lot of things
working here for a good high probability bearish move:

1. Trading into the major prevailing trend.

2. Price has pulled back to a prior area of support and has been rejected.

3. Price going back up into the 50% retracement area AGAIN to retest resistance.

4. RSI is at the TOP of the overbought "area" relative to the downtrend.

All of this data gives us a HIGH PROBABILITY of a Bearish Move.

-Good Luck!

*This trade also piggy backs my sentiment on USDJPY - LONG

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