Bearish rejection candle on the 1 hour sitting at a key level on the daily chart. If the candlestick pattern is valid look for short term or even long term holds to catch some nice pips on this pair. drop down to catch a good position to sell.
This pair is very unclear of what it wants to do so Im going to short it based on the long rejection on the bearish side. Prices are not moving higher and I'm expecting to catch some good pips as we retest the lows,
USDJPY is showing very nice rejection signs on the 4 hour so I'm looking to buy. After the buy if it respects the highs then ill be opening a short position to possibly ride the wave down if it lines up correctly
So based on my trading strategy I created, I saw AUDJPY being rejected by the average price and it was in a nice steady downtrend. As it tried to rise, it was not strong enough so I sold thinking it would be small but it was way heavier than expected