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!
AUD/JPY SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation. As always we will have to wait for a confirmation!
AUD/JPY: Daytrade-Preparationn
Market-Sell: 79.570
Stop-Loss: 79.770
Point of Risk-Reduction: 79.370
Take-Profit: 78.600
Stop-Loss: 20 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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