FX:AUDJPY   Australian Dollar / Japanese Yen
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: AUDJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.

on H1: AUDJPY is forming a channel pattern in brown so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Will wait for this, your guidance is one of a kind
+3 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1 my pleasure
+1 Reply
Stfu
+2 Reply
I have similar setup. Upvoted

+2 Reply
TheSignalyst Data_Block
@Data_Block thank you
+1 Reply
Very good
+1 Reply
TheSignalyst Dave-FX-Hunter
@Dave-FX-Hunter, thank you Dawe
Reply
Detailed technical analysis 🤛
+1 Reply
TheSignalyst CollegeofPips
@CollegeofPips, thank you so much
Reply
Great I am seeing the same bearish move on this one as well. Got in on this trade also. Good analysis break down thank you
+1 Reply
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