AUDJPY: Open Lower Today Gives Us The Go Ahead To Short! #Forex
Friends,
An open lower would be ideal for shorts. We have the short in technicality, but it isn't significant, and we can see the bears aren't in this market with force, we can tell this along by the Doji's. An open lower might encourage people that went aggressive long into the pullback to take their profits out of fear and lack of patience, giving us the flow through to bring bearish velocity into the market.
Regards
Tom
An open lower would be ideal for shorts. We have the short in technicality, but it isn't significant, and we can see the bears aren't in this market with force, we can tell this along by the Doji's. An open lower might encourage people that went aggressive long into the pullback to take their profits out of fear and lack of patience, giving us the flow through to bring bearish velocity into the market.
Regards
Tom