AUDJPY Breaks out the wedge after hitting buy side liquidity where it create a change of character. Having a pullback where it consolidates in a order block. Also NY Session closing the week with a bullish candle mastering the sellers. The change of character telling me it is willing to make a new higher high after the change of character. I would even dare to...
On 1H and 4H chart we find a breakout from the trend touching the previous order block. From there it will have a confirmed retest which way retest a second time. Be aware and patient. Till there we can take a long position, see profit indicator on chart. From there we will see for a point of interest the take an Short entry for a longer time. I see it diffidently...
Took a short to a possible liquidation after breaking the bearish trendline to the first secure liquidation zone. The market has touched to retest level followed by another pump to the resistance. I think they wil liquidate the buyers who believe trend will be bullish after it touch resistance and after te breakout. There are two possibles liquidation zones...
London session will bring the price to start of the session thereby will retest de breakout from the trendline on the HT. De previous Fair Value Gap is already filled. Price will be bullish to make a second BOS.