mohammed0141

Forecast for AUD/JPY (High Probability Setup).

FX:AUDJPY   Australian Dollar / Japanese Yen
We've formed an ascending channel and have broken the HTF previous high (which is very good as we're catching people on the wrong side of the market). We're very close to the structure high of the ascending channel for that 3rd touch (and completion of the channel). I will be taking an entry on the retrace formed after we touch the structure high. But you can wait for the 1st continuation after we drop if it's not your style to take the risk entries. I hope you guys have had a great christmas and let's finish this week off strong. If you have any questions about this analysis then just drop a comment and i'll reply or private message me.

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