AUDJPY H4 Sell: Continuation of the trend
AUDJPY H4 Sell:
- Downward trendline
- Broken through local H4 support
- Wick rejection which shows bearish pressure is still active
Need confirmation:
- Maintain a closure below the newly formed resistance
-H4 bearish trendline holds up - no breakout.
Entry:
- Enter between: 73.650-73.700
- Stoploss: 74.00-74.050
- Take profit: 72.750-72.700
- Downward trendline
- Broken through local H4 support
- Wick rejection which shows bearish pressure is still active
Need confirmation:
- Maintain a closure below the newly formed resistance
-H4 bearish trendline holds up - no breakout.
Entry:
- Enter between: 73.650-73.700
- Stoploss: 74.00-74.050
- Take profit: 72.750-72.700