AUD/JPY Double Top? By ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸Price broke the Ascending Trendline.
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🔸We were waiting for a downside move after that breakout, however, price has been consolidating on a range.
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🔸Before considering short positions we will wait for a breakout of the structure to the downside. Now, we also have a bullish view in case the Resistance Zone is broken. In that case, a bullish move towards the previous highs is possible.
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🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline.
.
🔸We were waiting for a downside move after that breakout, however, price has been consolidating on a range.
.
🔸Before considering short positions we will wait for a breakout of the structure to the downside. Now, we also have a bullish view in case the Resistance Zone is broken. In that case, a bullish move towards the previous highs is possible.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
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