AUDJPY - SELL potential
SELL BIAS
On the daily time frame, you can see the price has approached a resistance zone. Price has approached this area in a corrective pattern indicating there's a possibility of price moving to the downside. Price will be approaching a key zone of horizontal resistance and vertical trendline resistance = double zone. We need to wait for the price to create a corrective pattern on the LTF for a sell entry. Price could form an extended double top pattern.
On the daily time frame, you can see the price has approached a resistance zone. Price has approached this area in a corrective pattern indicating there's a possibility of price moving to the downside. Price will be approaching a key zone of horizontal resistance and vertical trendline resistance = double zone. We need to wait for the price to create a corrective pattern on the LTF for a sell entry. Price could form an extended double top pattern.
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