AUDJPY failed to break higher, look for bearish reversal

By jojofang0901
Updated

Hi everyone:

We have been seeing AUDJPY is in a bullish price action, pushing the price up.

Latest price has a fake break out of the previous HTF double tops, but quickly see a bearish reversal impulse down.

I would wait for a continuation, right shoulder to development and look for further downside.

Thank you

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