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KlejdiCuni

AUDJPY: Bullish pattern and reverse Head & Shoulder

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
KlejdiCuni Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Wave Analysis
12
2
harmonicpatterns trendanalysis waveanalysis
AUDJPY completed a bullish advanced pattern and also a reverse Head & Shoulder. On 60 min chart price broke out the neck line of H&Sh with a strong engulf bullish candle. I am expecting price to move upside up to 81.80. After reaching that zone i am considering both possibilities for a continuation move up or one more down.

Good Luck!
Comment:
60 min chart
snapshot
Comment:
Up or down? Price reached both resistance zones. Let's see which of them will be broken and we can take the next trade.
snapshot
Comment:
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