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AUDJPY (1H) shows a strong bearish reaction from a higher-timeframe supply zone, followed by a corrective move forming a rising channel.
Price is now pulling back toward the upper channel trendline, aligning with the same supply area, creating confluence for potential shorts. If price rejects this zone again, it suggests continuation to the downside, targeting the lower boundary of the channel.
Don’t forget to like and share your thoughts in the comments! ❤️
AUDJPY (1H) shows a strong bearish reaction from a higher-timeframe supply zone, followed by a corrective move forming a rising channel.
Price is now pulling back toward the upper channel trendline, aligning with the same supply area, creating confluence for potential shorts. If price rejects this zone again, it suggests continuation to the downside, targeting the lower boundary of the channel.
Don’t forget to like and share your thoughts in the comments! ❤️
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.