AUDJPY Possible Reversal

26 Tem 2020

Here we have price coming down to a squeeze where price has struggled to break above, this area is interesting because we always have a set of rules for entry and Optimal RR is a must for every trade. I will not be entering blindly into this pair just for its interesting area but would like to let the market meet my conditions of entry and show more definition as to it reversing or not. I'll be waiting for a Breakout and also a confirmed impulse to the downside before thinking of entering.