Base run, base run drop to base drop run
AUDJPY looks pretty weak here. it is sitting at the bottom of a 1hr channel, with not much demand near by to pick it up.
Look for a run up though into one of the abundant supply zones, and a move lower from there.
Other:
The formation on the 15 looks pretty toppy, three peaks with a taller center.
More red bars than Green
Strong positive retail sentiment.
There is strong demand around 81.5 - 81.6
Have a plan, trade the plan
AUDJPY looks pretty weak here. it is sitting at the bottom of a 1hr channel, with not much demand near by to pick it up.
Look for a run up though into one of the abundant supply zones, and a move lower from there.
Other:
The formation on the 15 looks pretty toppy, three peaks with a taller center.
More red bars than Green
Strong positive retail sentiment.
There is strong demand around 81.5 - 81.6
Have a plan, trade the plan