Nice 4H Rejection in a resistance confluence zone.
The 88.6% Fib level and Channel top had the AUDJPY draw a doji followed by a big bear candle down. Short positions here offer great R:R with targets near lows.
Wave Count shows a double correction down, having already finished the first leg, and pulling back in the second.
The 88.6% Fib level and Channel top had the AUDJPY draw a doji followed by a big bear candle down. Short positions here offer great R:R with targets near lows.
Wave Count shows a double correction down, having already finished the first leg, and pulling back in the second.
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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.