Hi traders:
AUDJPY is resuming its bearish momentum and there is good opportunity to capture some of its bearish run.
We see the price from the HTF has been dropping after it broke out of the ascending channel structure.
Price then form this larger, deeper correction before continue to the downside.
Latest price action has form a smaller flat channel, and price broke out.
Good to look for LTF corrections to get in the sell to the previous lows.
thank you
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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.