15 min AUD JPY
15 min AUD JPY
Current bias is bearish
Price has continued to create LHs and LLs since last week. Price is currently on its way to cross 4 HR zone. Currently price is printing a candle with a small body that is below the previous engulfing candle.
If price is going to retrace it may do so crossing the fib levels drawn in the circle just below the neckline (bottom of the pinbar wick in LH). Once it retraces it may returns bearish again due to wick rejection and areas with history of bearish OB
Current bias is bearish
Price has continued to create LHs and LLs since last week. Price is currently on its way to cross 4 HR zone. Currently price is printing a candle with a small body that is below the previous engulfing candle.
If price is going to retrace it may do so crossing the fib levels drawn in the circle just below the neckline (bottom of the pinbar wick in LH). Once it retraces it may returns bearish again due to wick rejection and areas with history of bearish OB
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