audjpy potential short ??

Updated
Looking here at the hour and 30 minute time frame we're can see a nice head and shoulders formation that was created and price broke structure

-- then it came back to fill the imbalance and now we are seeing rejection , if price breaks back below the neck line, i will be entering a short/sell at that area as shown on the chart!


Information is shared for educational and demo purposes only!

disclaimer - trading is risky and one can loose their account balance with incorrect risk management!
Note
Trade running +40 pips in profit im going to secure 75% here at 1/1 risk/reward
Trade closed: target reached
Beyond Technical AnalysisChart PatternsTrend Analysis

Also on:

Disclaimer