AUDJPY SHORT

2019-10-31 19:18:13

If we look at the daily chart,
we will see that there are 3 different resistances!

1. 200 EMA around 75,00 - 75,50
2. Third touch of day trendline
3. Resistance line of H4 trend

The H1 penultimate candle realizes more than 50 pips downward movement.
If it breaks the H1 trend line support, we go to levels around 74,00, where
there are two strong levels of support:

38,2 Fibo
Horizontal support line

I expect a hold around this level and a slight return to
74,50 - 74,70, where there will be serious resistance.