Hi everyone:
Similar like NZDJPY, AUDJPY's price action is very similar. WE see a higher time frame double tops, price gets there very corectively, which is a good indication the move could end and short term sell is presenting opportunities.
On the lower time frame, price broke down from a ascending channel impulsively, so same idea would be wait for correction to confirm the downside move.
Thank you
Similar like NZDJPY, AUDJPY's price action is very similar. WE see a higher time frame double tops, price gets there very corectively, which is a good indication the move could end and short term sell is presenting opportunities.
On the lower time frame, price broke down from a ascending channel impulsively, so same idea would be wait for correction to confirm the downside move.
Thank you
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After the FOMC meeting, and the market quiet down, I see the correction finished.
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