AUD/JPY Waiting for a Breakout by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸That was a bearish signal, however, it has been consolidating since then.
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🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸 Price broke the Ascending Trendline.
.
🔸That was a bearish signal, however, it has been consolidating since then.
.
🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
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