AUD/JPY Double Top? By ThinkingAntsOk
🔸 4H CHART EXPLANATION:
.
.
🔸Price broke the Ascending Trendline.
.
🔸We were waiting for a downside move after that breakout, however, price has been consolidating on a range.
.
🔸Before considering short positions we will wait for a breakout of the structure to the downside. Now, we also have a bullish view in case the Resistance Zone is broken. In that case, a bullish move towards the previous highs is possible.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline.
.
🔸We were waiting for a downside move after that breakout, however, price has been consolidating on a range.
.
🔸Before considering short positions we will wait for a breakout of the structure to the downside. Now, we also have a bullish view in case the Resistance Zone is broken. In that case, a bullish move towards the previous highs is possible.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.