AUDJPY H4 AnalysisPrice has been bullish for the last 6 six days and broke through a supply zone and found rejection around 84.40.
If price falls below Daily Supply zone there could a lot of sellers coming in the market to push price down.
Still bullish on rsi . Need to get a strong bearish candle printed to confirm trend change. Aussie has been very bullish on this pair .
will see if price can reach up to 84.40 again for a retest. I'm overall looking to go short when the moment presents itself on H4.
Audjpyanalysis
Stronger bears | AUDJPYFX:AUDJPY
As it can be inferred from the chart, we see SM had just grabbed liquidity this factor was in for of EQHs(BSL) once that happened we saw the accumulation phase, then SM manipulated price at the new BSL once this was done, we got the turtle soup, stop hunt. Presently, we expect the price to return to OB and give more bears.
AUDJPY Scale in SellI'm looking to enter for a sell on a bearish push from level 79.500 towards Major Level 78.000.
Price is expected to fill in the imbalance created previously (Highlighted Yellow)
I would wait for the JPY banks to open tomorrow before entering as it is a bank holiday today.
Happy Trading!