Plenty of fvg on the weekly basis, daily, and 4h to be covered, since we have entered a bear structure and have held it strong this seems like the right opportunity to get into the wave.
A Clean fib zone rejections, can push the price even higher, however it maybe affected because of the news report with hight ipact MOnday 21st Sep 2020.
Looks like price will retest that resistance level before doing a massive drop, and we can see a divergence on the 4hr time frame, which is a very strong confirmation
#AUDJPY Now here we can see that price had starting to fall to the support and bounced up again, and if we have our Fibonacci it has a perfect 0.5 and 0.618 zone rejections, which indicates a continuation of the downside pattern, price can easily fall off from here to the major resistance
Price Could Just Rally Up, or respect the trend/fib and go down from this point.
We will see how price open up tomorrow, two clear ideas, if the price respects the Fib Zone then we can have a sell off, after confirmation, Or if Price Breaks above that previous resistance level then we can enter for a BUY on a re-test after confirmations.
