AUDJPY Can Price Action Repeat Itself ?

13 Jun 2022

Hi everyone:

Here on AUDJPY, there is good potential development that can lead to another selling opportunities.

We can see from previous price action, after price has a confirmed bearish impulse down, once correction completes, lead to another bearish move.

The current price action is even better as we have now created a double tops, reversal bearish impulse move down.

Same 2 scenario to wait for,
either price will formed smaller corrections on the lower time frame and continue the drop
or
a bigger, sizable correction will form just like the past, and once completed, will have another a stronger bearish move down,

Thank you