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Aug 6, 2016 5:07 PM

AUDJPY Possible Long movement Long

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

AUDJPY has triple regular divergence in Daily Timeframe which indicates a reversal in the downtrend. I will watch for breakout to the top in smaller timeframes and then for correction.

In addition i have leave on the chart the AUDJPY idea i posted 5 months ago (tradingview.com/chart/AUDJPY/a19UAO8h-AUDJPY-Possible-Short/)
to see how harmonic patterns work if they are used properly and according to the rules

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