Hello my dear friends
Thank you for making me happy with likes and follows
We start this week's analysis with AUDJPY analysis
I considered two scenarios
1. First scenario: green movement
In the 4-hour time frame, we have an ascending trend line that can support the price and send it upwards.
But because the last L is broken, I consider the trend to be bearish and after hitting the resistance, the price will fall.
2. The second scenario: blue movement
The trend line that I talked about in the first scenario should be strong enough to send the price up completely and make the trend upward and according to the blue line that I drew, the price will go up.
I am waiting for your comments
Thank you for making me happy with likes and follows
We start this week's analysis with AUDJPY analysis
I considered two scenarios
1. First scenario: green movement
In the 4-hour time frame, we have an ascending trend line that can support the price and send it upwards.
But because the last L is broken, I consider the trend to be bearish and after hitting the resistance, the price will fall.
2. The second scenario: blue movement
The trend line that I talked about in the first scenario should be strong enough to send the price up completely and make the trend upward and according to the blue line that I drew, the price will go up.
I am waiting for your comments
Commentaire:
Transaction en cours:
In this range, I am waiting for AUDJPY to enter a SELL position after confirmation
