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Homework: AUDJPY H4 Analysis

This is the story:

  1. Highest Down Volume with Linear Pip Move since June 2020

  2. Effort vs. Result on that up move - Hard to Move Up

  3. The way I read this fast up move is like a fake move, not justified by previous waves.

  4. If point 3. reading is correct then this is a Push Down and it will be break Level 1 sooner ot later. If point 3. reading is wrong then this is a Hard to Move Down and sooner or later we will break Level 0.

My Bias is more for short and that price will break downwards Level 1.

Finally there is no need to do anything for now because I will use the FOLLOW strategy



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