For this pair I don't have any strong forecast to trade right now, but I would like to share my thoughts.
1) Now we are in downtrend.
2) I think down move has limit and it's risky enough.
3) If it go down, I will just look, and trade other setups (AUDJPY see my ideas)
4) But if it will try to reverse, my final suggestion: we are waiting the first impulse up to finish downtrend, and then after correction we will find buy setup for huge long term trade.
5) Divergence on MACD!
1) Now we are in downtrend.
2) I think down move has limit and it's risky enough.
3) If it go down, I will just look, and trade other setups (AUDJPY see my ideas)
4) But if it will try to reverse, my final suggestion: we are waiting the first impulse up to finish downtrend, and then after correction we will find buy setup for huge long term trade.
5) Divergence on MACD!
