Black FridayFino al 70% in meno
Dollaro australiano / Yen giapponese
Short

AUDJPY Follow The Bearish Reversal Momentum

Di jojofang0901
Aggiornato

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
Nota
HTF:
istantanea
Nota
Price is pushing down now:
istantanea
Nota
Price is impulsing down, watch for further correction for more downside next week:
istantanea
Nota
Price hits the previous swing lows
no further bearish downside
instead bullish reversal up move
signaling an end of the bearish trend

istantanea
Nota
wait for price to form
consolidation here
to confirm the downside move
istantanea
Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge
jojofang0901
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