AUDJPY 4HR 9/22/19
Short Idea
AudJpy made a great reversal around a higher time-frame resistance zone last week confirming a continuation of the overall trend. This reversal also included a rejection from the 38.2% daily fib level.
We’re looking to enter short on a retest of broken structure, the 200 ema & a 4hr 61.8% fib level.
Ideally we would see price come up test our area and show a ton of exhaustion. Any strong bearish variance would apply as confirmation as well.
Looking to target toward 71.250, a major support level.
Short Idea
AudJpy made a great reversal around a higher time-frame resistance zone last week confirming a continuation of the overall trend. This reversal also included a rejection from the 38.2% daily fib level.
We’re looking to enter short on a retest of broken structure, the 200 ema & a 4hr 61.8% fib level.
Ideally we would see price come up test our area and show a ton of exhaustion. Any strong bearish variance would apply as confirmation as well.
Looking to target toward 71.250, a major support level.