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iwynne

AUDJPY Bearish Move

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
iwynne  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Support and Resistance Supply and Demand Fibonacci fibspaysthebills keepitsimple marketstructureisking
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supportandresistance supplyanddemand fibonacci fibspaysthebills keepitsimple marketstructureisking
Reasons for bearish trade
1. Black trendline is sell side liquidity (meaning market will take out those lows on the trendline)
2. Strong 4hr Supply Zone = Sell momentum
3. Broke highest low = Change of Character
4. Wait for lower high to be formed for sell confirmations
5. IMPORTANT: IF 4HR SUPPLY IS BROKEN, SELL IS NO LONGER VALID
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