AUDJPY made a possible lower low major trend reversal BO gap still open (sign of strength by the bulls) 20 EMA became support price BO strongly above the bear channel trendline price BO above 4 h EMA (not shown in the chart)
USDJPY price in a strong uptrend at the 1h TF Close to the top of a TR on daily TF (not show) strong BO and decent follow throw Buy pull back higher price more likely Stop below the most recent lower high If price break above new high move stop loss to the most recent higher low
price at the bottom of a trading range, if the bar close on its high buy with stop at above its high..
Price is formed a wedge shaped bottom, now BO above the trend line, if it correct shall be entered long, stop below the bottom of the wedge, take profit the beginning of the wedge.. (look example)
AUDUSD if forming a bear flag that is even a bull channel, another leg up is very likely and in 1h time frame it is tradable for a short term trade. Until the price remain below the 0.7719 major LH level I am bearish and I would take a good entry short as soon as it will come. Trader could enter on with stop order on a bear BO or with limit order from the top of...
70% of probability will break down.. ready to short!
Pullback bear flag to the 20 EMA, short.
i ill be waiting for a pull back to enter long. 6 consecutive bull bars breakout of the trend line break out of the moving average probably best that the bear will get will be a trading range, still the price have to make an higher low and the reversal pattern have not neigh bars (6 bulls bar).