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AUDJPY Head and Shoulder, Bearish Price Action to sell

업데이트됨

Hello traders:

Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development.

Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.

Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder.

Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF.

Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down.

Thank you

노트

exit for +0.6% profit
price didn't break out of the HTF structure
and LTF form inverse H and S
Exit for now, and will wait and see if price develop further