Sell Opportunity

25 thg 3, 2021

Audjpy has recently dropped 200+ pips in the last few days showing sellers momentum has taken control in the short term. We have hit a weekly resistance so that can be seen as a reaction to the that. There havent beeen any clean retest on the higher TFs so the momentum is strong. As of now I see AJ currently forming a lower high on the H4 and H6. Price has an opportunity to break out of this range its in and go short to the Monthly support or break short term structure and move higher. I'm currently looking for more shorts once price breaks this area.