FX:AUDJPY   Australian Dollar/Japanese Yen
154 3 4
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.
D1 ANALYSIS SHOWING THE BEARISH PIN BAR REJECTED FROM 94.00
snapshot
Reply
FullTimeTrader PriceActionTrading
2 years ago
Agree, 100% the same idea
AUDJPY-update- convergence divergence long term short bias
+1 Reply
PriceActionTrading FullTimeTrader
2 years ago
Yours is better :)
Reply
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