AUDJPY fail to continue higher, reversal price action for sell
Updated
Hi everyone:
Previous forecast on AUDJPY did not present a bullish continuation correction to push up the price to the next tops.
Instead, we see reversal price action in the making on the LTF.
Zooming out to the HTF, Price has impulse down from the HTF ascending channel, and begin to form an expanding flat structure.
We see the latest price broke the previous top, but failed to continue higher with any corrections.
We then see a reversal ascending structure, pushed down the price.
Now we can look for LTF continuation corrections to form, and get in on the sell down to the lows.
Thank you
Previous forecast on AUDJPY did not present a bullish continuation correction to push up the price to the next tops.
Instead, we see reversal price action in the making on the LTF.
Zooming out to the HTF, Price has impulse down from the HTF ascending channel, and begin to form an expanding flat structure.
We see the latest price broke the previous top, but failed to continue higher with any corrections.
We then see a reversal ascending structure, pushed down the price.
Now we can look for LTF continuation corrections to form, and get in on the sell down to the lows.
Thank you
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