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jojofang0901

AUDJPY failed to break higher, look for bearish reversal

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Dolar Australia / Yen Jepun (OANDA:AUDJPY)  
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OANDA:AUDJPY   Dolar Australia / Yen Jepun
Chart Patterns Flag Parallel Channel priceaction structure pattern impulse correction Wedge
19
25
chartpattern flagpattern parallelchannel priceaction structure pattern impulse correction wedgepattern

Hi everyone:

We have been seeing AUDJPY is in a bullish price action, pushing the price up.

Latest price has a fake break out of the previous HTF double tops, but quickly see a bearish reversal impulse down.

I would wait for a continuation, right shoulder to development and look for further downside.

Thank you

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