AUD / JPY DAILY BEARISH MOMENTUM TO FOLLOW ?
Updated
https://www.tradingview.com/x/ASh189Mu/
Description
AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024.
*ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair.
*Trade can be taken with bearish confirmation on 4hr and 1hr confirmation .
Things i look on markets are
Market structure
SWING
IBOS - Break of structure and change of pair character
Fractal structure to trade on 4hr and 1hr
Description
AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024.
*ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair.
*Trade can be taken with bearish confirmation on 4hr and 1hr confirmation .
Things i look on markets are
Market structure
SWING
IBOS - Break of structure and change of pair character
Fractal structure to trade on 4hr and 1hr
Trade active
Trade closed: target reached
some good profits here.
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