AUD/JPY channel analysis
Hi people of the world,
We can see the supply week zone with blue to identify where our price highest top because we're having a downtrend weekly.
So I guide my analysis on channels where the price found a price congestion. We're on a lowest zone in th currency history so I need to went so much in the past, like 2001.
Then I identify the price channel for 4H, founding an ascending triangle.
Take profit for the low part for the supply zone.
And stop loss from the lowest side in the actual congestion zone.
Feedback, please
We can see the supply week zone with blue to identify where our price highest top because we're having a downtrend weekly.
So I guide my analysis on channels where the price found a price congestion. We're on a lowest zone in th currency history so I need to went so much in the past, like 2001.
Then I identify the price channel for 4H, founding an ascending triangle.
Take profit for the low part for the supply zone.
And stop loss from the lowest side in the actual congestion zone.
Feedback, please
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