chart is explanatory, we will wait form a break and retest. RR 1:2
very similar chart with the AUDJPY, probably will play out same as the AUDJPY, so let see, remember to use proper risk management if will take both trades.
looking at the chart there is an untapped supply zone which also falls exactly on the FIB OTE AND might act as a continuation trigger for the price downside, target will also be the previous week low. so lets see if this will play out. NOTE: no limit order, what we do is watch how the candle react on getting to the zone, look for a pin bar rejection candle ( CRT)...
The supply zone is fresh , i would expect some reaction or bounce from the zone since its also present at the OTE of the swing.
we will wait for entry, using Structure, Liquidity and POI.
chart says it, there will be pull backs as well, dont panic or get shaken out, hold as 2024 looks good, market is in stages.