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TheTradersAvenue
Jan 20, 2023 1:34 PM

AUDJPY > Best Levels for A Sell Entry!! Short

AUD/JPYOANDA

Description

Analysis of #AUDJPY

Hi traders, today we will have a look at #AUDJPY


Looking at the chart you can see we have the market respecting the trend line resistance and the trend line support

As of now the market successfully tested the trend line support and moved higher if you go to the 15-minute chart you will see how the market formed to beautiful double bottom at the trendline support and then rallied up with huge momentum

I will be looking for the market to test the trendline resistance, then drop to the lower time frame and look for a double top at a trendline resistance also key market level 91.0

If the market will not provide any entry at the trendline resistance i will then look to enter at the structure resistance if provided a reason to, which is near 91.64 on 92.00

I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!
Comments
melikatrader94
Nice pattern, we like your chart!! Keep it up champ
P_S_trade
Nice trade plan
linofx1
Amazing idea 🔥
DeGRAM
Thank you for sharing
TheTradersAvenue
@DeGRAM, appreciate it
Leo-btm
nice sell zone, I'll watch out for this setup maybe if the price tries to breakout first
TheTradersAvenue
@Leo-btm, thank you for the comment.
CryptoCheck-
Very likely scenario. Thank you 👍
TheTradersAvenue
@CryptoCheck-, thanks for the comment.
Setupsfx_
Perfect
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