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ThinkingAntsOk

AUD/JPY Waiting for a Breakout by ThinkingAntsOk

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ThinkingAntsOk  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud jpy AUDJPY Bearish Patterns short setup analysis
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trendanalysis supportandresistance mtfa aud jpy audjpy bearish short setup analysis
🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸That was a bearish signal, however, it has been consolidating since then.
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🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions.
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🔸 Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

snapshot
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