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AUDJPY FAKEOUT AND BREAKOUTAUDJPY has been travelling inside of a descending channel. Price reached a major support zone , started making its way up and even broke out of the channel to the upside until it dropped back into the channel causing a fakeout, broke below the support zone. Now we are just waiting for this newly made resistance zone to be retested before price drops to the very bottom of the channel it has been travelling in. ENJOY YOUR PROFITS, STOP LOSSES AND TAKE PROFITS ARE AVAILABLE...
Short
by UnknownUnicorn2396129
AUDJPY SHORT APPROCHINNG AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending channel back into the descending channel. We believe price will now come back up to retest the inside of the descending channel at the 0.5 retracement level like it previously did like in the yellow eclipse previously IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129