Australian Dollar / Japanese Yen

Long

Updated

AUDJPY Long at Bottom of Pattern

Here I am watching for long positions at the bottom of the pattern.

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Price broke down impulsively so the original idea is invalidated. To join price on the wave down wait for a continuation pattern to form.

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The continuation pattern is forming nicely and I am waiting for price to reach the top before i place my orders.

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Get ready for the short soon. Sell on a strong breakout.

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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.