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jojofang0901

AUDJPY More Downside Possible, Watch For sell

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
jojofang0901 Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Chart Patterns Flag Parallel Channel priceaction structur pattern impulse correction Wedge
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chartpattern flagpattern parallelchannel priceaction structur pattern impulse correction wedgepattern


Hello traders:

AUDJPY is showing more downside possibility, and we can certainly expect more JPY pairs to gain strength.

From the higher time frame, price formed double tops, H and S pattern and strong bearish reversal down.
snapshot

On the lower time frame, price start to develop more bearish price action, with impulses follow by corrections downward. Good signs of the bearish momentum to continue.

Price just made another ascending channel as a continuation for more downside, watch for lower time frame bearish corrections to get in the sell down.

Thank you
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Mentions

UnknownUnicorn15614419
TS ❕ AUDJPY: heading back
UnknownUnicorn15614419
TS ❕ AUDJPY: reached the resistance
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