Australian Dollar / Japanese Yen
Long
Updated

AUDJPY - Bullish AB=CD Idea with confluence

77
AUDJPY - Bullish AB=CD Idea
Notable Price divergence in 4HR TF in suggested price zone
2618 of BC
113 FIB extension of DEC 2016 low to 2017 high

2618 and 113 are prime reversal areas, when in confluence with structure compliment good reversal probability.
Note
AB=CD was reacted right on the money.
Monitor closely price action and DIV for any entries and possible retest
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.