What im seeing on AUDJPY!

2019-12-08 22:08:37

Gooday traders! On the weekly timeframe price has been in a descending channel on the AussieYen pair.
Lately, it has completed (or almost completed) its corrective wave of this 2 year old downtrend. Currently price is at my descending channel resistance. I'll be watching on D1 as well as H4 for a break and a retest. Already D1 is formed a bearish flag which is further confirmation for me.
Eyes on H4 to sell at a better price "if" price does sell. Lets see how it does play out as this is what im seeing.
Remember that proper risk management is crucial.
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