AUDJPY - Potential Bearish Reversal!

22 באפר׳ 2022

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AUDJPY is sitting around a resistance so we will be looking for sell setups on lower timeframes.

on H1: AUDJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.

Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)

Meanwhile, until the sell is activated, AUDJPY can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich