Rejection from resistance on W and drop from the channel on 1h
- When it drops from 1h bullish channel I will sell it
- First TP 38.2% fib and move SL to B/E
- Second TP 61.8% fib
- Third TP 78.6% fib
- Reason for weakness is coming emerging market weakness and AUDJPY is highly correlated to emerging market
Weekly Channel Resistance
Emerging Market chart
- First TP 38.2% fib and move SL to B/E
- Second TP 61.8% fib
- Third TP 78.6% fib
- Reason for weakness is coming emerging market weakness and AUDJPY is highly correlated to emerging market
Weekly Channel Resistance
Emerging Market chart
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