AUDJPY SHORT - BELOW TRENDLINE & 200 DAY MOVING AVERAGE

Hey traders,

A lot of people have noticed this simple setup on AUDJPY.

Price has come up for the 3rd touch of the trendline I have labeled before coming back down.

Price has also tested the 200 Day Moving Average before staying below it.

On the MACD we have a possible bearish cross about to occur.

I am bearish on the AUDUSD overall as well.

Simple price action, simple technical analysis leads to simple profits.


Daily Trade Ideas and Analysis:

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