AUDJPY Reversal Price Action for Sell
Hello traders:
Similar like NZDJPY, I see AJ here has good bearish price action for the reversal.
Looking at how the price has developed, we see a larger double tops, "M" structure.
The latest price shows as ascending structure correcting the price up, and formed another mini double tops, M structure as well.
Recall multi0time frame analysis is key in trading, when you have HTF and LTF line up, it gives you higher probabilities setup.
To confirm the downside move, I would wait for a clear breakout form the channel, and look for continuation correction to sell.
Thank you
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