hello my friends.in this setup first we check daily timeframe and see this rising wedge created near the daily supply zone.then we check the chart in 4 and see the CHOCH there.so we can wait for confirmation in smaller timeframe for our short entry.
“”your follows and boosts encourage me to publish more analysis””
All major pairs beat Japanese Yen for weeks, very strong bull move. Not to mention the USD. NOW, with an exception of USDJPY, is it now to do the correction. This week signals for the correction, 4H swing low have been taken (EURJPY, CADJPY, AUDJPY) and need confirmation next week, when bull re-testing this week high. The moment of truth :)
If bull fails, this...
audjpy has the potential to provide a downside opportunity with the blue area as entry and the line as profit takers, more or less the price can move further towards 91,675
