BUTTERFLY BULL |H4| LONG | HARMONIC + FUNDAMENTALS + TECH

AUDJPY has been impulsively bearish and bullish recently after bouncing off and back to the 85.50 zone, where its currently showing bearish momentum once again. However, the pair has failed to break past all three support levels at monthly, weekly and daily plus some good signs of bullish momentum kicking back in as we have a double bottom on the H4 and some kind of break and retest of H4 down-trend channel. So I am sentimentally bullish hence I don't see the butterfly delivering on the D :). Plus I am not selling at C :)
I will personally wait for additional confirmation and get a better entry to go long.

If you care about fundamentals, take note of the following:
AUD - Australian Westpac Leading Index, Australian Skilled Vacancies, Australian CPI
JPY - Japanese Merchandise Trade Balance

Order cancelled