Theamy

AUDJPY Shall we Buy or Shall we Sell [Long term scenaio]

FX:AUDJPY   Dollar australien/Yen japonais
Analysis :
  • Price is on a resisatnce zone,
  • Price is inside an ascending channel ,
  • Bulls are rejected on out restance zone.

Two Scenarios are forseen

Buy :


Sell :
  • Wait for a bearish reversal confirmation,
  • Wait for a rejection/continuation candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
  • Initiate SELL order,
  • Targets the ascedning channel lower bound ,
  • SL above our first resistance zone .



/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.



A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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