Short term bounce up, looking for short
AUDJPY short term bounce, looking for another shorting opportunity. The AUDJPY -1.24% is within multiple downward wedges on the Daily and H4 timeframes, giving power to a suspected longer downward move. I consider it continuing downward as long as it stays closed below the .0902 fib speed resistance line. I use the same lines on smaller timeframes to establish profit-taking follow-stops.
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