Looking for shorts for the week AUDJPY
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.
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.
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.