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Audjpyforecast

AUDJPY waiting for confirmation Expecting the closing of the hourly candle to confirm bias. Plan A: Uptrend after breaking the handle around 85.147, long entry by the re-test of the broken resistance with TP towards previous swing high. Plan B: hourly candle closing in a bearish tone for short trade confirmation. Target around the ascending trendline. Price action has formed a double top for reversal. However, the previous supply zone is acting as strong support. Either way, the uptrend breakout could bring a steady a longer pips capturing. Patience is a virtue. Always trade what you see, no what you think. Happy Tuesday!!! *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
by OGFXTRADER
We've found ourselves a nice little H&S. what's next?AUDJPY is in free fall mode, but our mind is always sceptical. when it finds something clear as sky, it asks questions like how can it be so easy? how come I short when the pair is in uptrend? how come, how come, how come. Well, sometimes it is what it is. there'll be price manipulation at times, but not always. market makers have to give you 'easy' setups at times, so you'll fund your account in future. I think we've one of those 'easy' setups here, and I'm short. but, I'm not betting my house and my stop is tight. game is on!
Short
by exp3r13nc3