SHORT trade analysis on AUDJPY.
Graph is looking bearish after price did breakout of rising channel. On 4h chart price created Double Top formation and already confirmed it by Bearish Engulfing Candle. I predicted 2 possible TPs, which are recent Higher Lows. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bearish after price did breakout of rising channel. On 4h chart price created Double Top formation and already confirmed it by Bearish Engulfing Candle. I predicted 2 possible TPs, which are recent Higher Lows. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
