AUDJPY Analysis. Swing trade Signal!Hello Everyone. i want share my idea about AUDJPY.
We have at some good and interesting point price action. I am looking long time to JPY index which was pretty bearish but finally find some buyers which pushed the price upside. JPY index bullish moves almost all pair fall strong and they have correction now. AUDJPY is so interesting the price action after strong fall found Buyers who pushed the price and broke resistances which was daily and 4h but it stopped to daily resistance at 97.500 where it got first time strong sell and today it tested second time where it got strong sell again, but will be that sellers enough to continue downside movement? i think yes if it will be not my position is ready for stay strong if it will start buy side liquidity. My daily Fibonacci tool shoves me price came into high sell zone where it has some rejections from sellers. I think that rejection was pretty good at daily resistance, in Asia session i am waiting more huge moves which will show me real price action.
Here is my scenes for my signal.
Scene 1 - Price has pretty good reaction at daily resistance where seller take control and price will continue fall.
Scene 2 - Price don't have enough Seller, for that market maker will active more sellers with buyside liquidity, it will make false brake out and then price will continue fall.
Scene 3 - Buyers has control, they will brake daily resistance then test it and price action will stop me when i will be wrong.
Always manage your risk and make your own research!
