Bearish Triangle forming on the 4H AUDJPY
A bearish triangle has formed on the 4H AUDJPY.
Price is likely to breakout of the support and retest it before heading for lower lows.
I'd keep an eye out and wait for price to finish its retest before entering a short position on a smaller timeframe.
Take note of the potential support that price will meet if it follows the pattern stated above.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Price is likely to breakout of the support and retest it before heading for lower lows.
I'd keep an eye out and wait for price to finish its retest before entering a short position on a smaller timeframe.
Take note of the potential support that price will meet if it follows the pattern stated above.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.