AUD/JPY: Potential Retest Setup for a Bearish Move
Watching for a retracement into the highlighted resistance zone (~100.387) before considering a bearish continuation. This setup aligns with the current market structure and offers an opportunity to join the trend if conditions are met.
📉 Key Observations:
Recent break below support turned the zone into potential resistance.
Anticipating a retest in this area to confirm rejection before any short entry.
The overall market structure remains bearish with lower highs and lower lows.
🎯 Plan:
Wait for price to retest and reject the resistance zone.
First target: 98.053, the next significant support level.
Stop-loss: Above 101.250 to allow for potential volatility.
🧠 Entry Psychology Tip: "Be okay with missing the trade if it doesn’t meet your plan." 📌 Letting the market prove itself before entering builds confidence in your setup and keeps you disciplined. Stay focused on execution, not on the outcome.
📉 Key Observations:
Recent break below support turned the zone into potential resistance.
Anticipating a retest in this area to confirm rejection before any short entry.
The overall market structure remains bearish with lower highs and lower lows.
🎯 Plan:
Wait for price to retest and reject the resistance zone.
First target: 98.053, the next significant support level.
Stop-loss: Above 101.250 to allow for potential volatility.
🧠 Entry Psychology Tip: "Be okay with missing the trade if it doesn’t meet your plan." 📌 Letting the market prove itself before entering builds confidence in your setup and keeps you disciplined. Stay focused on execution, not on the outcome.
עסקה פעילה
עסקה סגורה: הגיע לסטופ
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.