AUDJPY BEARISH FLAG
SHORT trade analysis on AUDJPY.
Graph is looking bearish from upper trendline of Bearish Flag to lower support zone. I see 2 possible scenarios: 1) price will straight drop down or 2) price will rise again to trendline and then drop to support zone. On daily chart is clearly seen Regular Bearish Divergence as well, confirming price fall. Just wait for proper candle confirmation like Bearish Engulfing Candle and then you can place position. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from upper trendline of Bearish Flag to lower support zone. I see 2 possible scenarios: 1) price will straight drop down or 2) price will rise again to trendline and then drop to support zone. On daily chart is clearly seen Regular Bearish Divergence as well, confirming price fall. Just wait for proper candle confirmation like Bearish Engulfing Candle and then you can place position. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
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