AUDJPY - Long term short opportunity
- We got a clean break of a top diamond in the Stochastic and now the pullback seems to be ended
- There is confluence with the price being unable to reach the 2007 tops (diamond top there again)
- On a lower TF, the break and the pullback is a Ascending Wedge break (see my 1D idea) with once again a diamond top
- The RSI support already got tested 4 times, last bounced being that weak Ascending Wedge, i expect a break now
- I'm confident about China being in a crisis, the gouvernment got forced to forbid sells to alt a stock exchange crash. And AUD is way more "China correlated" than JPY.
Such diamond tops, much shorts, wow.
- There is confluence with the price being unable to reach the 2007 tops (diamond top there again)
- On a lower TF, the break and the pullback is a Ascending Wedge break (see my 1D idea) with once again a diamond top
- The RSI support already got tested 4 times, last bounced being that weak Ascending Wedge, i expect a break now
- I'm confident about China being in a crisis, the gouvernment got forced to forbid sells to alt a stock exchange crash. And AUD is way more "China correlated" than JPY.
Such diamond tops, much shorts, wow.
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