Bearish (SHORT) AUDJPY

٩ أكتوبر ٢٠٢٢

-Price is in an overall bearish trend
-Currently on the 4hr and lower TFs it appears that price is consolidating.
-Expecting price to form a candlestick reversal pattern and retrace to test the 50.0--61.8 fib level.
-Price also formed sort of a double top and broke below, a retracement to the previously stated levels, would also serve as test of the neckline.
-Once price make a retracement and respect the levels, I am expecting price to make another push to the downside, continuing the trend.


Please Like, Follow, Comment. What is your analysis?