Do the last 3 candle form a "good" evening star?
AUDJPY already dropped in last two hours, is this now turn for EJ?
The long bear candle not so long ago gives good indication
Will test your patience, not reaching sell zone (pink) right away
Only after the China news that usually has strong impact on AUD
I bought in market on the first trade that will lead us to the second Mid term trend (H2) is down. In D1 down trend is yet to establish. A strong support in D1 observed that takes us to long on H1.
We can sell if the TS trendline (yellow) is broken below and a good size bear candle closes below currently flat TS. Ideally the Bear candle should be an engulfing one. If the TS looks down in addition, the probability of success increases. Note that the downtrend doesn't have much pump and target needs to be conservative.
I want to buy once I see the first 0.618 or 0.78 Fib retracement and a reversal sign
Sell in market and be conservative on SL and TP.
If the current candle closes like bull, this would be a morning star pattern, a reversal in the direction of the trend. The SSB is looking up nicely and bit of convergence from AO. R&R is looking great.
1/ Once in sell zone, sell on candle stick reversal/level 1 signal 2/ SL above last high
sell in market and SL above the channel TP at 1:1 R&R No greed
wee need an engulfing bull candle to confirm entry
buy on market, long on short term keep an eye long term is down