EagleTrades
Long

Consolidation before breakout in AUDJPY

FX:AUDJPY   Australian Dollar / Japanese Yen
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Looks ready to resume bullish bounce as price consolidates in a pennant pattern after completing an inverse head and shoulders . I think we will probably retest the main descending resistance for the major bearish trend which is near 94.50 swing high
oops, bad one
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Technician EagleTrades
But had good reasoning anyway.. BTW there is still a chance for a bounce here, look at that pin bar, but if the low of the bar is taken i think we might head even lower
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Always impressive ideas
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EagleTrades Technician
Thanks
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