AUDJPY Bearish Price Action Outlook
Updated
Hello traders:
Looking at AUDJPY for the future bearish outlook.
We see price is in this larger HTF expanding structure, and correctively moving up within the ascending channel.
Price broke previous recent double tops, but rather correctively instead of impulsively. This could be a first indication of a decline in bullish momentum.
To confirm the reversal price action, wait for price to complete the ascending channel and breakout, followed by correction.
Or, if price continues to go to the top of the HTF expanding structure, then look for reversal price action from the tops.
thank you
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