Silver_hanz
Long

Change of Trend.. Long term setup..

FOREXCOM:AUDJPY   Australian Dollar / Japanese Yen
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The short term down trend resulted in a COMPLEX PULL BACK PATTERN(A,B,C) .After the completion of "C" wave , down trend was resumed until prices failed to go down at midpoint of "A" "B" wave. A reversal bullish candle formed which shows that the trend has changed from down to up trend. We will be watching the target at the coming levels of -0.618, -1, -1.618 levels.
Track for a bullish reversal on the DAILY CHART AT THE 50 61.8 LEVEL OF THE MONTHLY BULLISH CANDLE. If bullishness formed at these levels go for a long position.
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