Hello Traders, what’s going on market after US closing? 😉

AUD/JPY

Today we were witnessing the end of bullish correction on AUD/JPY with ask trading almost whole day. Correction was a retest of broken support zone and blue trendline. With previous candle added, we can easily spot a bearish engulfing pattern which lead us to staying short on this pair. 134

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GBP/AUD

There’s similar situation on GBP/AUD too. Price created an engulfing pattern right above local demand zone. Wider trend is still bearish thoug, so we would recommend staying long only to previous high. 231

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