AUD/JPY is in an uptrend since the beginning of the year.
It has been repeating the bullish flag pattern indicating the continuation of the uptrend.
I can see that another potential bullish flag pattern forming, suggesting a strong bullish move that's going to happen.
I will wait for the breakout of the flag and enter after the retest of this flag to confirm the pattern.
This is shown by the grey path drawn.
It has been repeating the bullish flag pattern indicating the continuation of the uptrend.
I can see that another potential bullish flag pattern forming, suggesting a strong bullish move that's going to happen.
I will wait for the breakout of the flag and enter after the retest of this flag to confirm the pattern.
This is shown by the grey path drawn.
Trade closed: target reached:
take profit reached with solid 100pips.
Seems like aud/jpy has continued with the same bullish flag pattern as it did previously.
Will be looking out for another long setup on this pair to check if it is likely to repeat the bullish flag.
Seems like aud/jpy has continued with the same bullish flag pattern as it did previously.
Will be looking out for another long setup on this pair to check if it is likely to repeat the bullish flag.