AUDJPY - Sell Setup Forming!
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AUDJPY is sitting on daily supply in green so we will be looking for sell setups on lower timeframes.
on H4: (attached below) AUDJPY is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Meanwhile, we will also look for sell setups on lower timeframes since AUDJPY is sitting around daily supply and the upper blue trendline.
on M30: AUDJPY is forming a trendline in orange but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, AUDJPY would be overall bullish and can still dive inside the green zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDJPY is sitting on daily supply in green so we will be looking for sell setups on lower timeframes.
on H4: (attached below) AUDJPY is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Meanwhile, we will also look for sell setups on lower timeframes since AUDJPY is sitting around daily supply and the upper blue trendline.
on M30: AUDJPY is forming a trendline in orange but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, AUDJPY would be overall bullish and can still dive inside the green zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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