.
On the AUDJPY daily timeframe we spotted a rejection from the weekly resistance zone and a bearish engulfing candlestick pattern.
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On the 4-hour timeframe we saw that the price made another bearish engulfing candlestick pattern and after that broke the up-trendline with a continuation candlestick.
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On the 1-hour timeframe we identified a correction which later the price broke it, which confirms the continuation to the downside.
.
We are now waiting the price to go down, come back and make a retest of the 1-hour resistance zone, plus a candlestick pattern to occur so we can consider opening a short position on this pair.
On the AUDJPY daily timeframe we spotted a rejection from the weekly resistance zone and a bearish engulfing candlestick pattern.
.
On the 4-hour timeframe we saw that the price made another bearish engulfing candlestick pattern and after that broke the up-trendline with a continuation candlestick.
.
On the 1-hour timeframe we identified a correction which later the price broke it, which confirms the continuation to the downside.
.
We are now waiting the price to go down, come back and make a retest of the 1-hour resistance zone, plus a candlestick pattern to occur so we can consider opening a short position on this pair.
Note
Profit started.
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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.