AUDJPY, 2 Possible Sell Senarios
Hello Traders,
AUDJPY has been moving within a HTF ascending channel creating clear price action for a couple opportunities for a sell position. Price is approaching a level which could give us a strong bearish reversal as looking in previous history has been tested 3 other times pushing price downward. I will be looking at the LTF for bearish confirmation if price reacts from this 95.72 level.
If price impulsively breaks above this level I will be waiting for it to touch the upper boundary of the ascending channel, making a new high before looking for bearish confirmation for another sell opportunity.
Trade Safe
Thanks
AUDJPY has been moving within a HTF ascending channel creating clear price action for a couple opportunities for a sell position. Price is approaching a level which could give us a strong bearish reversal as looking in previous history has been tested 3 other times pushing price downward. I will be looking at the LTF for bearish confirmation if price reacts from this 95.72 level.
If price impulsively breaks above this level I will be waiting for it to touch the upper boundary of the ascending channel, making a new high before looking for bearish confirmation for another sell opportunity.
Trade Safe
Thanks
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