AUDJPY TREND CONTINUATION OR REVERSAL????

22 ส.ค. 2019

Looking at a possible trend continuation on the AussieYen, we are in a major downtrend which leads me to believe that price made it this far below for the 3rd time, price may very well reject off it's previous swing low and continue to our Daily Support. Let's say price does continue short and price rallies at our support, we can then find Bullish reversal confirmations using a Consolidation Breakout Strategy with compliments of multiple time frame confluence, being patient and allowing the market to present us with more confirmations such as reversal candlestick confirmation in higher time frames and showing us buyers are entering the market thus not allowing price to drop lower.