Selling a clip of AUDJPY here at 73.86 ahead of the 73.94 pivot and breakdown area that held on Friday. As long as 74.45 fibbo resistance holds, I remain a seller of the rallies going into the RBA meeting. RSI indicates that the market is overbought and the momentum should start to turn towards the downside.
I will sell a 2nd clip around 74.10 if we get there.
Short at 73.86 SL around 74.45 TP around 73.13 fibbo support.
Komen
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Closed this trade at 73.66 after the RBA meeting for a profit of +20 pips!