AUDJPY Head and Shoulder, Bearish Price Action to sell

6 Oca 2022

Hello traders:

Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development.

Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.

Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder.

Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF.

Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down.

Thank you

10 Oca 2022

Not

exit for +0.6% profit
price didn't break out of the HTF structure
and LTF form inverse H and S
Exit for now, and will wait and see if price develop further

14 Oca 2022

Not

15 Oca 2022

Not

19 Oca 2022

Not

Out for +1.47%

20 Oca 2022

Not

24 Oca 2022

Not

enter 2 more sell positions ended up with +4.51% profit


Will monitor and see how price develop,

4 Şub 2022

Not