Bearish on H4

1 thg 10, 2022

AUDJPY has broken out of the ascending wedge to the downside and is currently moving inside a bearish channel. I think that wave 5 is in play her and price should come down to the target box at around 91.50 - 90.800. If you look at the volume profile you will find a circle, I've marked this area to point out, that there's a huge volume imbalance and basically no resistance, therefore it should be pretty easy for the bears to push price down into that territory.