AUD/JPY Double Top? By ThinkingAntsOk
🔸 4H CHART EXPLANATION:
.
.
🔸Price broke the Ascending Trendline.
.
🔸We were waiting for a downside move after that breakout, however, price has been consolidating on a range.
.
🔸Before considering short positions we will wait for a breakout of the structure to the downside. Now, we also have a bullish view in case the Resistance Zone is broken. In that case, a bullish move towards the previous highs is possible.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline.
.
🔸We were waiting for a downside move after that breakout, however, price has been consolidating on a range.
.
🔸Before considering short positions we will wait for a breakout of the structure to the downside. Now, we also have a bullish view in case the Resistance Zone is broken. In that case, a bullish move towards the previous highs is possible.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.