Bearish Continuation for AUDJPY
Price has formed Triple Bottom at the D1 tf, with last Fridays session showing a strong bearish momentum pushing the
price down to the Daily Support Zone.
Down at the 1hr tf, the Daily Support Zone has already been breached and has been retested, however, although the last 3
candles here are all bullish, they are however bearish in nature, due to them having long wicks and showing a weak bullish
move, therefore I consider them to be bearish pinbars, telling me that the market still wants to go down.
200EMA is above the price giving this potential trade a Short trend bias.
price down to the Daily Support Zone.
Down at the 1hr tf, the Daily Support Zone has already been breached and has been retested, however, although the last 3
candles here are all bullish, they are however bearish in nature, due to them having long wicks and showing a weak bullish
move, therefore I consider them to be bearish pinbars, telling me that the market still wants to go down.
200EMA is above the price giving this potential trade a Short trend bias.
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