With my 4 hr analysis, I spotted a significant uptrend and price making a pullback after the initial break of structure. in the smaller timeframe, it showed a bullish flag pattern also indicating the presence of bullish precision. we are to enter a buy once top line is broken but aggressive buyers can enter now.
After studying 4hr tf i noticed a bearish flag that formed due to a distressed trend, in the 15mins a s and r zone is formed at the top, this shows price will go down in a while.
After carefully spotting out daily resistant point, I discovered a 2-hour divergence and a 1-hour bearish Quasimodo, leaving the overall AUDJPY impression to be that of bearish.
- I hr Quasimodo
- 2 hr Divergence
- 4hr Resistance point
Use Risk Management no matter what.
