AUD/JPY SHORT

3 Haz 2022

Shorting opportunity for AUD/JPY/ Having hit a strong Monthly Resistance level, there can be an idea of a perfect shorting opportunity. After the news of the Home Loans MoM. being forecasted at -1% and actually being -7.3%, has seen a large push to the upside for all pairs against the AUD pair. This price is tremendously high and the if the the Monthly S/R, can hold its strong resistance, should lead to massive profits from shorting. Have seen a market move in consolidation on the 15minute chart, look for a strong touch of the Monthly S/R or Cross of the MA and VWAP.

Happy Trading.