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New Forex Trading Signal: Sell AUDJPY @ 81.10

Sell AUDJPY @ 81.10. Take profit @ 80.00 and 79.50

Stop loss a close above 81.60



Last daily candlestick of the AUDJPY pair formed a Bearish Engulfing pattern after forming another daily inverted hammer candlesticks which might signal a top in the original trend. On the weekly chart, the price also formed a Doji and stopped its move at the support/ resistance levels formed in previous weeks. On the 4 hours chart, the price is retesting the broken upward trendline after it formed a series of lower tops. The RSI is still around its lower boundary at 30 whereas the MACD signal line is about to cross the histogram from top to bottom, and at last, the CCI is bouncing off the oversold zone which might be interpreted as a correction to the trend.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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