AUDJPY
HELLO TRADERS I AM KELACHI FROM NIGERIA, I HOPE YOU BENEFIT FROM THIS ANALYSIS. NOTE THAT MARKET IS REACTIVE AND NOT PREDICTIVE.
AUDJPY WAS IN A STRONG BULLISH MOVEMENT. A BULLISH HEAD AND SHOULDERS PATTERN WHICH IS ONE OF THE MOST RELIABLE PATTERNS HAS EMERGED.
THE TEAM CAUGHT THE DROP FROM THE NECKLINE USING MY PREVIOUS IDEA ON THIS PAIR BEFORE IT WAS REMOVED.
PRICE HAS RETESTED THE NECKLINE AND HEADING TOWARDS THE TARGET.
THE TARGET IS GOTTEN BY MEASURING THE HEAD TO THE NECKLINE. FROM A DAILY TIMEFRAME BUYERS ARE BEGINNING TO ENTER THE MARKET HENCE THE BEARISH PRESSURE WILL SOON DIMINISH.
IF YOU FOUND THIS EDUCATIVE AND INFORMATIVE PLEASE CLICK THE LIKE AND FOLLOW FOR MORE.
Trade closed: target reached:
TINY MIS-MEASUREMENT
Trade closed: target reached:
