AUDJPY Chart Analysis (Week of 04.03.2023)
Greetings! I have analyzed the chart AUDJPY and I believe its major move will be to the upside for the week for the following reasons:
-Overall bullish trend, despite breaking to the downside
-There is a FVG below a level of equal lows (liquidity grab)
-There is a FVG to the upside around the area where price broke to the downside
I do believe price is heading to downside because of the head and shoulders pattern formed the the ever-shifting bearish trend.
-Overall bullish trend, despite breaking to the downside
-There is a FVG below a level of equal lows (liquidity grab)
-There is a FVG to the upside around the area where price broke to the downside
I do believe price is heading to downside because of the head and shoulders pattern formed the the ever-shifting bearish trend.