Midweek AUDJPY breifing
Since June the pair has been making lower lows and lower highs and has been filling all the FVG present on the upper side. The two major bearish OB's on the daily timeframe formed have been retested and respected giving us assurance of a bearish Orderflow.
On Monday the LOTD was formed at 82.100 which is also the LOTD of Tuesday. Yesterday the price went higher than previous day( monday) to form the HOTD at IPL 82.800 which is a very significant liquidity point.The price then went lower to retest low of Monday of which price bounced off from this zone which also consists of a bullish OB on the 1hr tf
📉AUDJPY is expected to sell to price 81.500 as we continue trading the downtrend. 82.500 is our entry point as price has come back to swing along with the bears
Since June the pair has been making lower lows and lower highs and has been filling all the FVG present on the upper side. The two major bearish OB's on the daily timeframe formed have been retested and respected giving us assurance of a bearish Orderflow.
On Monday the LOTD was formed at 82.100 which is also the LOTD of Tuesday. Yesterday the price went higher than previous day( monday) to form the HOTD at IPL 82.800 which is a very significant liquidity point.The price then went lower to retest low of Monday of which price bounced off from this zone which also consists of a bullish OB on the 1hr tf
📉AUDJPY is expected to sell to price 81.500 as we continue trading the downtrend. 82.500 is our entry point as price has come back to swing along with the bears
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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.