AUDJPY - ''SHORT'' - (CANDLESTICK FORMATION)
Confluences and Probability
- Clear downtrend 4H + DAILY
- 79.703 is channel low on the daily T.F we are seeing a clear break of this level
- All MA's are suggesting strong bearish momentum
- While having all these confluence to give evidence that we are in a overall bearish market we have other independent factors such as this clear ''Bearish Pennant'' in which we expecting a strong breakout to the downside and take a 2:1 Position the bearish pennant in it's self is a ''Bearish'' candlestick formation in which we should be looking to take a short trade to the downside
- Unable to show you the daily chart, but the previous day friday 20th the market printed a LWP Long wick pattern in which price rejected off the previous daily support turned resistance
All for now i'm going to start posting a little more charts :D
- Clear downtrend 4H + DAILY
- 79.703 is channel low on the daily T.F we are seeing a clear break of this level
- All MA's are suggesting strong bearish momentum
- While having all these confluence to give evidence that we are in a overall bearish market we have other independent factors such as this clear ''Bearish Pennant'' in which we expecting a strong breakout to the downside and take a 2:1 Position the bearish pennant in it's self is a ''Bearish'' candlestick formation in which we should be looking to take a short trade to the downside
- Unable to show you the daily chart, but the previous day friday 20th the market printed a LWP Long wick pattern in which price rejected off the previous daily support turned resistance
All for now i'm going to start posting a little more charts :D
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.