FX:AUDJPY   Dollar Australia / Yen Jepang
The main reason behind this short level is Volume accumulation setup. Heavy volumes were accumulated in a rotation area (marked in black rectangle). After that, the price shot aggressively downwards which indicates that the heavy volumes were mostly volumes of strong sellers. When the price makes a pullback into this significant area again, I think that the sellers will try and defend their short positions and that they will push the price lower.

📗 Volume Profile book (FREE download)
trader-dale.clickfunnels.com/freebook27017464

📺 Free Volume Profile Webinar
www.trader-dale.com/volume-profile-webinar-learn-how-to-trade-forex/

💬 Have questions?
contact@trader-dale.com
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.