FX:AUDJPY   Australian Dollar/Japanese Yen
Hey, traders. Priceaction made a NSH             above recent highs. This tells me about a new up-trend installed. It was not a bad idea to enter at 0.886 correction of the last impulse leg in anticipation of the trend to continue. So I did it using this bat pattern . My stops are below X at 1.13XA. As we see priceaction penetrated the X-point. Although my stops were not hit the whole idea of up-trend continuation now is invalid. So, I do not recommend you to enter long here. Use this idea for educational perposes only. check the related ideas links to see how good this kind of setups work). Press like if you find the information useful. Subscribe in order to recieve my ideas in advance.
Pricaction made a NSL below the most recent HL (X-point). I'm no longer expect it to retest A-point. NSL makes the recent NSH be a false breakout. Usually I just enter at 0.618 correction in this cases. So I'm to take my profits at 0.618 and immediatly sell at the same level. Good luck, mates)
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