SHORT trade analysis on AUDJPY.
Graph is looking bearish from upper trendline and resistance area to lower support area. It is creating Triange Pattern and price is bouncing between trendlines right now. Price recently completed AB=CD Pattern and Regular Bearish Divergence, meaning that price will drop. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from upper trendline and resistance area to lower support area. It is creating Triange Pattern and price is bouncing between trendlines right now. Price recently completed AB=CD Pattern and Regular Bearish Divergence, meaning that price will drop. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.