Hello guys,
AUDJPY has approached a monthly supply zone but this does not mean I am expecting an overall massive reversal. If you look on the weekly timeframe, the pair is quite bullish in structure but I think its more of a bullish trap that a bullish move. Since price took out liquidity of the previous weekly high and is at a supply zone, it should be expected that price will use this liquidity to create a complex pullback which I will use to takeout the previous weekly low.
If you are interested in this short trade, ensure you go on LTFs to be get confirmation to enter a short trade once price hits the sell zone (red ellipse).
Like and follow for more.
BR
David
AUDJPY has approached a monthly supply zone but this does not mean I am expecting an overall massive reversal. If you look on the weekly timeframe, the pair is quite bullish in structure but I think its more of a bullish trap that a bullish move. Since price took out liquidity of the previous weekly high and is at a supply zone, it should be expected that price will use this liquidity to create a complex pullback which I will use to takeout the previous weekly low.
If you are interested in this short trade, ensure you go on LTFs to be get confirmation to enter a short trade once price hits the sell zone (red ellipse).
Like and follow for more.
BR
David
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。