- Weekly Time Frame
Price retested the former low on the weekly timeframe, and met resistance
Price also respected the 61.8 fib level
Price formend a shooting star/bearish hammer candlestick patternDaily Time Frame
-Thursday candle closed as an indecision candle (showing the possible rally was coming to an end.
-Friday candlestick was a large bearish candle further confirming the end of the rally and retesting the double top
- waiting for price to pull back and then i'll enter a short4 Hour Time Frame
-Price ended with an indecision candle after a strong move to the downside
-I'm expecting a short lived rally to the 69.20-69.50 area, that's where I have a sell order placed.
AUDJPY also has a strong positive correlation with SPXUSD and i'm also bearish on that (check my SPXUSD idea, posted yesterday)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.