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It's approaching key trendline resistance zone .on 4h tf
We will sell
And top of 200 ma bolinger bands
We have sell confirmation in monthly , weekly and daily tf and according to supertrend Indicator
As you can see eurusd on a ascending channel.
Price need to test the channel resistance exactly where take profit is located .
Stop loss is just below the key resistance zone .simple Intraday trade set up
As you can see , audjpy on a sell .
Support- resistance flip then 4 beautiful rejection on 4h timeframe . That means price is clearly rejecting to go upward . And that's our entry for sell at 74.342. Re-entry will be when price will touch the tenken sen as we are following ichimoku cloud in this trade . That's a rule when price touches tenken we reenter .
This trade is obvious one . Key resistance as you can see in chart . It's an obvious sell. But I'm telling it will take time .price can consolidate because of multiple rejection at the same time more than 14 4h rejection confirms this sell 👊