Trade Idea: AUDJPY Bearish, Looking To Sell on Corrective Structure Break | Oct 1

audjpy corrective structure

Chris Capre’s current live open price action & ichimoku trades: AUDNZD, CORN, WTI, USDCHF, USDMXN

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AUDJPY – Bearish After Corrective Structure + Support Level Break (4hr chart)

Price Action Context

After breaking above the key support level around 72.56, the pair was ST bullish but has pulled back towards the same support, forming a corrective structure. THe pair just broke through the level a few hours ago, suggesting a lot of the gains recently could be unwound and a potential round trip …

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