AUDJPY remains overall bullish, but it is now retesting a strong confluence zone where multiple bearish factors align ⚠️
Price is currently testing the intersection of the resistance zone marked in red and the upper bound of its rising channel, creating what I consider a strong overbought area.
As long as this intersection holds, we will be looking for shorts 📊
A bearish rejection from this zone could trigger a healthy correction toward the middle or lower bounds of the channel before the next major move develops.
Until a confirmed breakout above this resistance cluster occurs, the risk-to-reward favors waiting for bearish setups rather than chasing the rally. 🔍
Will the bears finally force a correction from this overbought zone? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is currently testing the intersection of the resistance zone marked in red and the upper bound of its rising channel, creating what I consider a strong overbought area.
As long as this intersection holds, we will be looking for shorts 📊
A bearish rejection from this zone could trigger a healthy correction toward the middle or lower bounds of the channel before the next major move develops.
Until a confirmed breakout above this resistance cluster occurs, the risk-to-reward favors waiting for bearish setups rather than chasing the rally. 🔍
Will the bears finally force a correction from this overbought zone? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。