AUDJPY has reached a key supply zone on HTF, showing a potential reversal area 💎
After a strong bullish push, price is now entering a fresh supply zone, where sellers are likely to step in.
🔍 Market Structure:
Strong bullish move → into supply
Clear resistance zone (unmitigated)
Price slowing down near supply
Potential bearish reversal 📉
🎯 TRADE PLAN:
✅ Sell Entry: 112.80 – 113.10 zone
🛑 Stop Loss: 113.50
🎯 Target 1: 111.80
🎯 Target 2: 110.80
🎯 Target 3: 109.70 (previous demand area)
⚡ Execution Tip:
Wait for LTF confirmation (RBD / bearish engulfing / rejection wick) before entry — no early entries.
💡 High RR setup — discipline = profits.
After a strong bullish push, price is now entering a fresh supply zone, where sellers are likely to step in.
🔍 Market Structure:
Strong bullish move → into supply
Clear resistance zone (unmitigated)
Price slowing down near supply
Potential bearish reversal 📉
🎯 TRADE PLAN:
✅ Sell Entry: 112.80 – 113.10 zone
🛑 Stop Loss: 113.50
🎯 Target 1: 111.80
🎯 Target 2: 110.80
🎯 Target 3: 109.70 (previous demand area)
⚡ Execution Tip:
Wait for LTF confirmation (RBD / bearish engulfing / rejection wick) before entry — no early entries.
💡 High RR setup — discipline = profits.
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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.
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.