AUDJPY has had a big pull upwards and is looking to take out a monthly doji where liquidity is being held. We expect price to hit this point and reject; moving in the opposite direction. JPY has set a new low on the daily momentum meter, despite the monetary policy it released and the fundamentals surrounding JPY, it is due a pullback. AUD has been strong a while and set to lose some of that strength. We will be waiting to see a bearish daily candlestick that looks appealing and taking the trade upon pullback after that candlestick presents itself.
R:R 1:13:2
GL.
R:R 1:13:2
GL.