AUDJPY possible reversal around resistance

2020年6月4日

on DAILY: AUDJPY is testing a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.

on M30: AUDJPY is trading inside our two red trendlines, but the lower trendline is not valid yet, so we are waiting for a third swing to form around it to consider it objective and enter on its break downward.

we also have a regular bearish divergence on MACD adding more confluence to our sell setup.

and as usual, AUDJPY would be overall bullish, until the sell setup is activated.