AUDJPY is currently in a bearish trend on the 4H.
It currently has a weak support and we can expect it to drop further as it breaks it's current support/consolidation zone.
Trade safe.
It currently has a weak support and we can expect it to drop further as it breaks it's current support/consolidation zone.
Trade safe.
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The reason why this trade failed is there wasn't enough candles confirming it can't move back up (Enough high test candles). The reason why I always explain to wait for enough confirmation. The signals I post, does not mean you must open a position right away. It's simply a forecast of what can possibly happen given enough confirmation.