AUDJPY daily to 1-hour timeframe short analysis
Diupdate
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On the AUDJPY daily timeframe we spotted a rejection from the weekly resistance zone and a bearish engulfing candlestick pattern.
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On the 4-hour timeframe we saw that the price made another bearish engulfing candlestick pattern and after that broke the up-trendline with a continuation candlestick.
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On the 1-hour timeframe we identified a correction which later the price broke it, which confirms the continuation to the downside.
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We are now waiting the price to go down, come back and make a retest of the 1-hour resistance zone, plus a candlestick pattern to occur so we can consider opening a short position on this pair.
On the AUDJPY daily timeframe we spotted a rejection from the weekly resistance zone and a bearish engulfing candlestick pattern.
.
On the 4-hour timeframe we saw that the price made another bearish engulfing candlestick pattern and after that broke the up-trendline with a continuation candlestick.
.
On the 1-hour timeframe we identified a correction which later the price broke it, which confirms the continuation to the downside.
.
We are now waiting the price to go down, come back and make a retest of the 1-hour resistance zone, plus a candlestick pattern to occur so we can consider opening a short position on this pair.
Catatan
Profit started.
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