Price has come back down after hitting the resistance zone and formed a new Lower Low and a Lower High.
Would this be the end of the AUDJPY bullish trend or it is just a retracement and rally higher?
What do you guys think?
Would this be the end of the AUDJPY bullish trend or it is just a retracement and rally higher?
What do you guys think?
Note
Price finally hit TP1 after a roller coaster ride of 2 deep V. Definitely testing my patient. Now, the price is entering the Sell Zone with a Bat Pattern forming up slightly before my TP2. I will keep observing the price action to decide when to close my 2nd entry for TP2.
Trade closed manually
Manually closed TP2
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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.