AUD/JPY SELL IDEA
Price has shown clear rejection at the resistance zone, indicating active selling pressure at higher levels.
However, momentum shifted as the 30-minute candle closed with a full body above the Moving Average, suggesting a potential short-term bullish continuation and acceptance above dynamic support.
Tools used:
Moving Average (MA)
Trendline with confirmed structural breaks
We focus on:
Price action behavior
Trendline structure and breaks
Moving Average interaction and candle closes