AUDJPY setting up nicely for a SELL ðŸŽŋ

āđ‚āļ”āļĒ Black_Magic_Capital
āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:
HTFs - From daily down to 1H, price has been corrective for weeks and has formed an ascending expanding formation. Weeks prior, there was heavy bearish momentum which is clear when zooming to higher time frames |
LTFs - Internal structure is clean with a middle section showing wave behaviour. Clue is the ascending channel at the end of the structure with the 123 formation

ENTRY - One my favourite pairs to trade. Have been waiting patiently for this to reach an area of value which will be once the high is broken and price begins to show deceleration and a rejection at outer structure. Otherwise will be waiting for the market to show signs of reversing. If none of the above then no trade for me
āļ„āļ§āļēāļĄāļ„āļīāļ”āđ€āļŦāđ‡āļ™
Still patiently waiting for this to set up. I'll be looking for an entry before the week is out
āļŠāđāļ™āļ›āļŠāļ­āļ•
āļāļēāļĢāļ‹āļ·āđ‰āļ­āļ‚āļēāļĒāļĒāļąāļ‡āļ„āļ‡āļ”āļģāđ€āļ™āļīāļ™āļ­āļĒāļđāđˆ
Short entry triggered
āļŠāđāļ™āļ›āļŠāļ­āļ•
āļ›āļīāļ”āļāļēāļĢāđ€āļ—āļĢāļ”: āļ–āļķāļ‡āđ€āļ›āđ‰āļēāļŦāļĄāļēāļĒāļāļēāļĢāļ•āļąāļ”āļ‚āļēāļ”āļ—āļļāļ™
Break Even
AUDJPYChart PatternsnaturepatternsshortsetupTechnical Analysis
Black_Magic_Capital

āļ„āļģāļˆāļģāļāļąāļ”āļŠāļīāļ—āļ˜āļīāđŒāļ„āļ§āļēāļĄāļĢāļąāļšāļœāļīāļ”āļŠāļ­āļš