MBM
Updated
AUDJPY has been making NEW Higher Highs and Higher Lows in the CURRENT market. This is a great indication that what we have been seeing is a CORRECTIVE WAVE of the previous RALLY the market gave us.
As we we can see AUDJPY is settling on the 61.8% Fibonacci with a POTENTIAL Double Bottom forming on a Daily Time Frame.
If we see the market have bullish momentum on the next Daily Candle, AUDJPY shall go to the -27% extension OR even further the -61.8% extension for a LONG TERM BUY.
DISCLAIMER: I am not a financial adviser. Your investments are solely your responsibility and not mine. While day trading can bring serious gains, it can also bring serious losses! So make sure you do your own research to fully understand the market before diving in. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you can't afford to lose. The fluctuation of the market can work for you or against you. You should carefully consider your investment objectives and experience before deciding to trade in the market. Again, what you invest in is solely your responsibility.
As we we can see AUDJPY is settling on the 61.8% Fibonacci with a POTENTIAL Double Bottom forming on a Daily Time Frame.
If we see the market have bullish momentum on the next Daily Candle, AUDJPY shall go to the -27% extension OR even further the -61.8% extension for a LONG TERM BUY.
DISCLAIMER: I am not a financial adviser. Your investments are solely your responsibility and not mine. While day trading can bring serious gains, it can also bring serious losses! So make sure you do your own research to fully understand the market before diving in. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you can't afford to lose. The fluctuation of the market can work for you or against you. You should carefully consider your investment objectives and experience before deciding to trade in the market. Again, what you invest in is solely your responsibility.
Trade closed: target reached
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