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If the price reject the key resistance level, it will continue downtrend

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Wait for price to retest breakout level for trend continuation, if it breaks down. Look for short instead

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2 possible scenario: a. Price break upwards to re-test weekly level above b. price break down, wait for re-retest to enter short

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Take bias long if rejection happen. Otherwise it will be good short

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Watch the price retracement to previous breakout level to continue downwards movement to weekly level

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Will make short retracement, in H4 for short towards weekly level

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The pullback broke the previous high, hence it need to broke previous low to continue the downward trend

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Price in tight range on H4. If price bounce again, possible to go short

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Watch the price movement. If there is rejection, only we can proceed for short

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If AUDJPY break the lower low, possible to look for Short after that

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Wait for break out of the LL to fully formed and retest, the previous support level for entry Dotted Line is weekly level

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Wait for MACD cross over to positive region. If previous high is not broken, then trade will be valid

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I am Monitor this trade for Short Opportunity

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Trade Log

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SBR

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SBR

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EURJPY SELL

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1. Focus on simple setup 2. Daily revise the setup