Hi all, It seems like a Formation, for sell set-up. i'm looking to capture some pips on the way back to the down range.
In a day time frame, the momentum of the signals traveled in a closed consolidation pattern. Consolidation is the term for a stock or security, that is neither continuing nor reversing a larger price trend. (shown in graph)
After impulse, the signals turned into correction and moving in the consolidation. Inside, whenever the market hit the resistance it fell. Here,i'm expecting a bearish twist to complete the TEST.
By its previous impact, the drop would be up-to 81.447.
Stay in a positive lane for good sell.
SIGNAL SPECIFICATION
Pair:AUDJPY
Order:SELL
Entry:84.108
Take profit:81.447
Stop loss:84.917
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