Hello everyone 👋 today I bring to you AUDJPY.
My analysis is based on structure and Chart patterns .
•From a HTF view we have reached a high giving us a double top formation and we did get a push down
•From a LTF view we had a flag/continuation pattern, following the next impulse phase.
Overall what I would like to see happen is price form another continuation correction,it could be a more deep / larger correction (or not) and there after the next impulse phase down.
If price does not form a continuation pattern I will not be looking to enter the trade but rather wait for development .
Thank you .
My analysis is based on structure and Chart patterns .
•From a HTF view we have reached a high giving us a double top formation and we did get a push down
•From a LTF view we had a flag/continuation pattern, following the next impulse phase.
Overall what I would like to see happen is price form another continuation correction,it could be a more deep / larger correction (or not) and there after the next impulse phase down.
If price does not form a continuation pattern I will not be looking to enter the trade but rather wait for development .
Thank you .