-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Currently price has printed a bearish iBOS where we are now in the pullback phase.
Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green.
...
Prize have reached the M15 supply which showcased a massive decline in prize. This shows smart money is waiting to go short in this zone. Prize approached this zone in an ascending channel respecting both diagonal support and resistance. Immediately prize broke the supporting trendline we anticipate that smart money has put it's foot print and ready to go short....
m15 setup for audjpy, currently holding resistance, need to see trend shift or buy from our confluence area
will test 3 entries, one from h4 with bigger stop loss... 1 for m15 and 1 for m1
