Bearish Rejection at Channel Top & Fib
Nice 4H Rejection in a resistance confluence zone.
The 88.6% Fib level and Channel top had the AUDJPY draw a doji followed by a big bear candle down. Short positions here offer great R:R with targets near lows.
Wave Count shows a double correction down, having already finished the first leg, and pulling back in the second.
The 88.6% Fib level and Channel top had the AUDJPY draw a doji followed by a big bear candle down. Short positions here offer great R:R with targets near lows.
Wave Count shows a double correction down, having already finished the first leg, and pulling back in the second.