AUDJPY retested Resistance zone and looking for a corrective drop.
Indicators:
Pair is currently overbought and at a strong Resistance level.
Weekly RSI in a strong sell zone
Up trend line has broken, retested, and bounced off the back indicating downwards movement.
Entry:
1. Current price area
2. Wait for retracement on shorter time frame at 75.80 area
TP at next support at 72.00 area
Good luck trading!
Charles V
CVFX Management
www.cvfxmanagement.com
@cvfxwealth
Indicators:
Pair is currently overbought and at a strong Resistance level.
Weekly RSI in a strong sell zone
Up trend line has broken, retested, and bounced off the back indicating downwards movement.
Entry:
1. Current price area
2. Wait for retracement on shorter time frame at 75.80 area
TP at next support at 72.00 area
Good luck trading!
Charles V
CVFX Management
www.cvfxmanagement.com
@cvfxwealth
