AUDJPY - Potential Bearish Reversal Soon!

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AUDJPY is sitting around weekly resistance in green so we will be looking for sell setups on lower timeframes.

on H4: AUDJPY is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, AUDJPY would be overall bullish and can still dive inside the green resistance.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich