AUDJPY - The Bears Are Still Strong!

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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈AUDJPY has been overall bearish trading within the falling broadening wedge pattern marked in red and it is currently retesting the upper bound of the channel acting as a non-horizontal resistance.

Moreover, the blue zone is a strong resistance.

📚 As per my trading style:
As #AUDJPY retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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