AUD/JPY SHORT
From the weekly and daily time frame i can see that the price is in a uptrend as shown by the light blue trend line.
In the 4H time frame I can see that the price respects the pink ascending channel as shown by the golden ellipses drawn at the intersections.
I see that the price has broken the lower pink trend line indicating a possible trend line breakout.
As drawn by the grey path I expect the price to retest back to the lower pink trend line and fall until it reaches the purple trend line that was drawn in the 1D time frame, showing that a trend line breakout is happening.
In the 4H time frame I can see that the price respects the pink ascending channel as shown by the golden ellipses drawn at the intersections.
I see that the price has broken the lower pink trend line indicating a possible trend line breakout.
As drawn by the grey path I expect the price to retest back to the lower pink trend line and fall until it reaches the purple trend line that was drawn in the 1D time frame, showing that a trend line breakout is happening.
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