Project 1001 Pips AUDJPY Sell Opportunity Ahead

Looking at the higher timeframes we may see that price with a sharp impulsive downmove has broken below a long term corrective structure and is now is retracing back to the broken level in a corrective mode once again. Most likely it will bounce from that level for another down move.

We should keep a closer eye for a breakout below the correction. This will signal a sell setup with profit target as shown at the chart.

Larget view of structure:

Kommentar:

Price broke below the corrective structure

Kommentar:

Attend our first webinar session where we will analyze potential setups for the upcoming week, and update the ones that already run in our project. Register using the link below:
attendee.gotowebinar.../3439576212319911426

Trade geschlossen: Stop wurde erreicht:

~ 17pips