VladimirRibakov
Short

AUDJPY Sell Idea Update and Follow Up

FX:AUDJPY   Australian Dollar / Japanese Yen
H1 - Price broke out at the top of the range and is at the critical zone and it looks like a bearish reversal is happening from here. Once we get confirmation of bearish reversal, we can start looking for sells.

Alternatively we also have a double wave up and the second leg of this double wave is in the critical zone. Hence we may expect a bearish reversal to happen from here and once we get confirmations, we can look for sells.

M15 - We got double wave up, price is inside critical zone and looks like a bearish reversal is happening. Once the price breaks below the uptrend line, we can start looking for sells. You can follow this scenario if you want to be a bit more aggressive.

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