AUDJPY Follow The Bearish Reversal Momentum
מעודכן
Hello everyone:
Last JPY pair on my watch is AUDJPY which is also showing signs of bearish reversal development.
After the price has hit the higher time frame highs, no bullish continuations.
Instead, price reverse down with bearish price action on the lower time frames.
Lower low, lower high to push the price down, and finally a strong impulse phase to confirm the downside momentum
Now that price has broke out of the expanding structure and consolidating,
best to look for further sell entry down the the next low to continue the bearish trend.
Thank you
הערה
HTF: הערה
Price is pushing down now:הערה
Price is impulsing down, watch for further correction for more downside next week:הערה
Price hits the previous swing lowsno further bearish downside
instead bullish reversal up move
signaling an end of the bearish trend
הערה
wait for price to form consolidation here
to confirm the downside move
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