AUDJPY Swing Trade Supply And Demand
HTF (higher timeframe)
-Price inside higher timeframe monthly supply.
-Higher timeframe monthly trend = uptrend so any shorts will be counter-trend. (confirmation needed)
LTF (lower Timeframe)
-Price broke daily upward trend lines
-Price removed the opposing pivot point demand zone .
-RBD Created (Rally Base Drop)
-JPY is the weakest currency + its counter-trend so small risk + quick TP is recommended or no trade.
-Price inside higher timeframe monthly supply.
-Higher timeframe monthly trend = uptrend so any shorts will be counter-trend. (confirmation needed)
LTF (lower Timeframe)
-Price broke daily upward trend lines
-Price removed the opposing pivot point demand zone .
-RBD Created (Rally Base Drop)
-JPY is the weakest currency + its counter-trend so small risk + quick TP is recommended or no trade.