Hey Guys , what do you think about AUDJPY right here
from my perspective , im seeing an inverse head n shoulder chart pattern has been formed ,
price has finally broken the the neckline, and give it a big pushing to the upside ,
another confirmation that we got here is ,
as we can see , we were in the previous downtrend created a lower high and lower low in the market ,
but now price has creating a new higher high and higher low in the market ,so what we are looking for here is , a long position as the trend has changed ,
now im expecting price will create a new higher low in the support area lines up with the 50% fib retracement or forming a bull flag for another confluence to take a long position or something like pinbar or bullish engulfing or wick rejection ,
and i will be giving another bullish confirmation in the higher timeframe down below , check it out !
let me know what you think ,
Give it a like or comment if you like the idea !
from my perspective , im seeing an inverse head n shoulder chart pattern has been formed ,
price has finally broken the the neckline, and give it a big pushing to the upside ,
another confirmation that we got here is ,
as we can see , we were in the previous downtrend created a lower high and lower low in the market ,
but now price has creating a new higher high and higher low in the market ,so what we are looking for here is , a long position as the trend has changed ,
now im expecting price will create a new higher low in the support area lines up with the 50% fib retracement or forming a bull flag for another confluence to take a long position or something like pinbar or bullish engulfing or wick rejection ,
and i will be giving another bullish confirmation in the higher timeframe down below , check it out !
let me know what you think ,
Give it a like or comment if you like the idea !
Comment:
Weekly timeframe giving us a bullish confirmation
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