Aussie Yen-What can we expect?

5 thg 6, 2022

Here on the Aussie Yen, we can see an established Bullish Order Flow on the Weekly time frame, or in other words, the structure of the market is in an uptrend. Based on the technical direction of this asset, we may anticipate a retracement into fair value areas from the higher time frame before price resumes seeking higher pricing. As such this retracement has created a confirmed bearish structure giving 2 lower lows and as together with various confluences of further intentions to go lower. As such we can safely assume that we may seek to enter sells, in the short term and prepare ourselves to purchase this asset for the longer term.

Best of Luck and trade safely!

Cheers!