AUDJPY Can Price Action Repeat Itself ?
Hi everyone:
Here on AUDJPY, there is good potential development that can lead to another selling opportunities.
We can see from previous price action, after price has a confirmed bearish impulse down, once correction completes, lead to another bearish move.
The current price action is even better as we have now created a double tops, reversal bearish impulse move down.
Same 2 scenario to wait for,
either price will formed smaller corrections on the lower time frame and continue the drop
or
a bigger, sizable correction will form just like the past, and once completed, will have another a stronger bearish move down,
Thank you
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