FX:AUDJPY   Australian Dollar / Japanese Yen
ON THE CURRENT W1, HUGE BEARISH PIN BAR FAKING THE 94.00 LEVEL AND FAKED OUT THE HIGH OF THE PREVIOUS FEW WEEKS.
COULD BE A BULL TRAP HAPPENING IF CURRENT W1 CLOSES BELOW 94.00.

PRICE HAS ALSO BEEN TRYING TO REGAIN ITS POSITION BACK ABOVE THE KEY TRENDLINE, FAILING FOR MANY WEEKS NOW.

MY STANCE IS BEARISH BUT HOWEVER UNTIL THIS WEEK CLOSE, I CANNOT ASCERTAIN MY POSITION.

I WILL BE A SELL @93.5 IF W1 CLOSES BELOW 93.5.

ON THE D1, BEARISH PIN BAR FORMED AT 94.00. ANAYLSIS WILL BE PASTED ON THE COMMENT SECTION.

FOLLOW ME, LIKE MY IDEAS TO SEE MORE LIKE IT.
HAPPY TRADING.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.