AUDJPY Bearish Retracement (Overall BULLISH Bias)
- Price is overall in a bullish trend forming higher highs and higher lows.
-Price then met resistance at a supply zone which also coincide with the 97.5 minor QP point.
-Price also closed as a doji/evening star candlestick (pattern) on the previous day.
-I am anticipating price to sell off and retrace to test near the 50.0-61.8 fib level, which will create a higher low.
Please like or comment your ideas!
-Price then met resistance at a supply zone which also coincide with the 97.5 minor QP point.
-Price also closed as a doji/evening star candlestick (pattern) on the previous day.
-I am anticipating price to sell off and retrace to test near the 50.0-61.8 fib level, which will create a higher low.
Please like or comment your ideas!
Trade active:
Sell stop @96.657 was activated