Looking for shorts for the week AUDJPY
Updated
The most recent weekly candle closed below the previous weekly candle. Because of this I will be looking for short set ups on the 4H time frame.
A short set up on the 4H time frame is when a 4H candle closes below a previous 4H candle at, just below, or above 78.108.
If a set up occurs on the 4H time frame and price is at, just below or above 78.108, then I will attempt to make entry at the previous 4H candle's low using the 1 minute time frame.
I will look for price to trade around previous 1 minute chart levels for entries.
A short set up on the 4H time frame is when a 4H candle closes below a previous 4H candle at, just below, or above 78.108.
If a set up occurs on the 4H time frame and price is at, just below or above 78.108, then I will attempt to make entry at the previous 4H candle's low using the 1 minute time frame.
I will look for price to trade around previous 1 minute chart levels for entries.
Note
Current 4H chart. I'll be looking for a 4H candle to close below the previous 4H candle.
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