AUDJPY Head and Shoulder, Bearish Price Action to sell

٦ يناير ٢٠٢٢

Hello traders:

Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development.

Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.

Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder.

Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF.

Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down.

Thank you

١٠ يناير ٢٠٢٢

ملاحظة

exit for +0.6% profit
price didn't break out of the HTF structure
and LTF form inverse H and S
Exit for now, and will wait and see if price develop further

١٤ يناير ٢٠٢٢

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١٥ يناير ٢٠٢٢

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١٩ يناير ٢٠٢٢

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Out for +1.47%

٢٠ يناير ٢٠٢٢

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٢٤ يناير ٢٠٢٢

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enter 2 more sell positions ended up with +4.51% profit


Will monitor and see how price develop,

٤ فبراير ٢٠٢٢

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