AUDJPY H4 Sell: Continuation of the trend
AUDJPY H4 Sell:
- Downward trendline
- Broken through local H4 support
- Wick rejection which shows bearish pressure is still active
Need confirmation:
- Maintain a closure below the newly formed resistance
-H4 bearish trendline holds up - no breakout.
Entry:
- Enter between: 73.650-73.700
- Stoploss: 74.00-74.050
- Take profit: 72.750-72.700
- Downward trendline
- Broken through local H4 support
- Wick rejection which shows bearish pressure is still active
Need confirmation:
- Maintain a closure below the newly formed resistance
-H4 bearish trendline holds up - no breakout.
Entry:
- Enter between: 73.650-73.700
- Stoploss: 74.00-74.050
- Take profit: 72.750-72.700
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.