AUDJPY - POT Bearish Flag and continuation - Short - 4HR

AUDJPY - Bearish Flag and continuation - 4HR

618 retrace of previous swing
bearish flag formed
Monthly Pivot second rejection
RSI not broken in downward trend.
If trading the Flag, wait for a break, if you are aggressive potentially buy here.

Note

reversal at top of zone, money...

Note

We see some accumulation in the zone, if we open up the chart a little we are looking at the last 2 impulses, will we repeat?

Trade closed manually

Break above here will be looking at he next target.
Will be looking for Divergence around completion of pattern

Note

Really got suckered out of this trade after what looked like a breakout to the upside. now 100 pips south
This is market life and move on to the next trade.

Swerver

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Swerver