AUDJPY - Trend-Following Sell Setup!

9 Jan 2023

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on DAILY: Left Chart
AUDJPY has been overall bearish trading inside the blue channel and it is currently sitting around the upper trendline and orange supply zone, so we will be looking for sell setups on lower timeframes.

on M30: Right Chart
AUDJPY is forming a channel in red but it is not ready to go yet.

🏹Trigger => for the bears to take over, we need a break below the lower red trendline and gray zone.

Meanwhile, until the sell is activated, AUDJPY can still trade higher.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich