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jojofang0901
May 18, 2022 6:25 PM

AUDJPY More Downside Possible, Watch For sell Short

AUD/JPYOANDA

Description



Hello traders:

AUDJPY is showing more downside possibility, and we can certainly expect more JPY pairs to gain strength.

From the higher time frame, price formed double tops, H and S pattern and strong bearish reversal down.


On the lower time frame, price start to develop more bearish price action, with impulses follow by corrections downward. Good signs of the bearish momentum to continue.

Price just made another ascending channel as a continuation for more downside, watch for lower time frame bearish corrections to get in the sell down.

Thank you

Comment

Comments
AtlasTrades
I agree with your opinion, AUD.JPY can go much lower
Michael_Winner
Thank you for this Aud/Jpy idea! Have a big potential
RawForexx
Clean setup I also expect CADJPY do behave the same way tomorrow
KlejdiCuni
Good chart, thanks mate.
TheTradersAvenue
Nice chart. Thanks mate.
Lingrid
What entry point is better to choose here?
InkyGrip
clear structures! thanks for sharing
yonsfx
Appreciate it jojo
VasilyTrader
I have similar expectations here bro!
jojofang0901
@VasilyTrader great good to know
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