AUDJPY SHORT WITH A TIGHT STOP, AUDUSD STILL HAS ROOM TO FALL.

Looking to sell AudJpy around 86.35/40
Stop above 86.55
Looking for a move lower, maybe toward 85 handle.

Thats the AudUsd 4h chart:
I am seeing downside potential. 0.7600 is important.
If price turns and goes back above 0.7600 this view is negated.
So a sell around 7585 or so with a stop above 7600 can be a solid play, looking for a move towards 7500

Please use proper risk management and don't overtrade.

Blessings to you all.

Kommentera:

Strong ADP data better to wait a little bit for the dust to settle.

Kommentera:

AUDUSD reached the target. I think this wave is now coming to an end. Waiting for further developments and impulses.

Blessings to you all.