OANDA:AUDJPY   Australian Dollar / Japanese Yen
Hello traders

Since market did not follow my anticipation, here is our new idea and update.

Weekly Time Frame
1. Quasimodo Reversal Pattern
2. QML aligning perfect with 0.786% Fib Level
3. New Low
4. Price break through above previous low turned resistance.

Daily Time Frame
1. A good long wick rejecting support
2. Bullish engulfing breaking the DTL confirm Weekly long bias
3. Bullish Momentum Candle

I will buy on H4 only when price respect my entry rules.
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.