AUDJPY - Looking For Sell Setup!

Jun 27, 2021

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AUDJPY is approaching a demand zone (in red) so we will be looking for sell setups on lower timeframes.

Before we sell, we want the sellers to prove that they are taking over again.
You don't want to sell a bullish market right?

We will be looking for sell setups on lower timeframes now.
HINT: we have a head and shoulders and trendline forming on M30.

Meanwhile, until the sell is activated, AUDJPY can still test the upper red resistance 85.0 before going down.
In this case, we will be looking for new sell setups to form there.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich