jojofang0901

AUDJPY Head and Shoulder, Bearish Price Action to sell

Short
OANDA:AUDJPY   Australian Dollar / Japanese Yen


Hello traders:

Just like the previous analysis I share on NZDJPY , AUDUSD , they are have the similar bearish development.

Here on AUDJPY , we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.

Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder.

Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF .

Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down.

Thank you
Comment: exit for +0.6% profit
price didn't break out of the HTF structure
and LTF form inverse H and S
Exit for now, and will wait and see if price develop further
Comment:
Comment:
Comment: Out for +1.47%
Comment:
Comment: enter 2 more sell positions ended up with +4.51% profit

Will monitor and see how price develop,
Comment:

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