AUDJPY - SHORT {500pip Swing}

٣ أغسطس ٢٠٢٠

With a clean double top on the daily and a new lower high just formed, we can now expect a sell to at least 50% of the mini bullrun that started on this pair since around the 18 of March 2020. We have a bearish divergence on the MACD from an indicator perspective and a supporting trendline currently holding price, a break and retest of the trendline would initiate a sell off on the AUDJPY. Stops are 120pips for a Take profit target of 500pips