AUDJPY recently broke upwards trendline to the downside. i was waiting for a correction to go in. Now we might have one.
The ABC correction is nicely retesting the recent indecsion zone and the mirrored trendline (making it very symetrical)
it seems (with 10 more minutes to go) that we will see a pinbar rejection from that area. if so, i will be placing orders below the pinbar
aggressiv stops above the pinbar, conservative stops above the small swing that was forming the indecison zone.
The ABC correction is nicely retesting the recent indecsion zone and the mirrored trendline (making it very symetrical)
it seems (with 10 more minutes to go) that we will see a pinbar rejection from that area. if so, i will be placing orders below the pinbar
aggressiv stops above the pinbar, conservative stops above the small swing that was forming the indecison zone.
