AUDJPY Short
Updated
Reasons for bias:
-Bear flag pattern on 1H (continuation pattern)
-Inside of Daily Bull flag correction phase
-Expecting price to go down inside correction
before reversal to up inside Daily structure
Confirmations to look for Short:
-Bearish candle with high momentum closing below bear flag
-Break of 92.414 Key level to below
-Bear flag pattern on 1H (continuation pattern)
-Inside of Daily Bull flag correction phase
-Expecting price to go down inside correction
before reversal to up inside Daily structure
Confirmations to look for Short:
-Bearish candle with high momentum closing below bear flag
-Break of 92.414 Key level to below
Note
-Entry criteria not met, so there was no entry on this one-Expecting bullish continuation to 94.000 key level area,
which is top of Daily bull flag pattern
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