AUDJPY Head and Shoulder, Bearish Price Action to sell
Updated
Hello traders:
Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development.
Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.
Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder.
Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF.
Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down.
Thank you
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exit for +0.6% profit price didn't break out of the HTF structure
and LTF form inverse H and S
Exit for now, and will wait and see if price develop further
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Out for +1.47%Note
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enter 2 more sell positions ended up with +4.51% profit Will monitor and see how price develop,
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