AUDJPY SHORThello my friends.in this setup first we check daily timeframe and see this rising wedge created near the daily supply zone.then we check the chart in 4 and see the CHOCH there.so we can wait for confirmation in smaller timeframe for our short entry.
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Jpysetup
Japanese Yen, is it now to correct the bull move?All major pairs beat Japanese Yen for weeks, very strong bull move. Not to mention the USD. NOW, with an exception of USDJPY, is it now to do the correction. This week signals for the correction, 4H swing low have been taken (EURJPY, CADJPY, AUDJPY) and need confirmation next week, when bull re-testing this week high. The moment of truth :)
If bull fails, this would be interesting. Embrace the mighty bear's move. It is very likely the bearish move would mirror the bull move, STRONG AND LONG bars.