AUDJPY in bears control!

64
Based on the price, a strong rejection from a major resistance area is about to happening. This market reaction can show us the power of sellers at this area and a weakness on buyers. So I consider it as a demand area and that's why we can see this rejection here!
So based on this scenario, I opened a sell position on the chart with a good risk reward ratio (about 1:2 TP1 -- 1:4 TP2).
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.