FX:AUDJPY   Australian Dollar / Japanese Yen
37 3 0
The pattern on the AUDJPY             is interesting, it appears to be forming a Harami pattern indicating some reversal maybe on the way, I can not decide if it indicating a bullish or bearish reversal, the post brexit candles are quite unusual.
I would really like to hear any ideas
Trade active: I established a long trade at open Monday it is doing pretty well, showing +400 pips
Trade closed manually: trade 1 hit target 134 pips trade two hit stop for 0 pips
Trade has now entered a significant resistance area from 80-82 this has been an important area from May 201, despite the recent pullback I continue to hold long
Reply
Hi Motleifaul, i agree with your words, does the green candle prior to the final red make this a bearish harami? or do you still view it as bullish?
Reply
It is a weekly pattern and there is Thursday only today. So I would wait until Friday evening at least and then look at the daily chart cautiousely because of the Ichimoku still being bearish. If I would see a clear bullish signal in the daily chart however, and the see a weekly harami - then I would buy confidentially.
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