The AUD/JPY is forming an outside bar. A candle which will mark the downtrend continuation.
AUD/JPY Technical Analysis
Daily close suggests further down
Trend is bearish
Q L3 possible target
MEGATREND MAs: Bearish
D1 Chart AUD/JPY
Swing high
Swing low
Retracement
Entry
Target
The AUD/JPY is forming an outside bar. A candle which will mark the downtrend continuation. We could see a continuation to the downside if the daily close gives a signal candle (by Megatrend trading course). Targets are M L4 followed by Q L3. Selling the rallies ( as you can see in my live account ) is the best strategy at this point. Pay attention to the daily close for more selling pressure if you are late with the entry.
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