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VladimirRibakov

AUDJPY Buy Idea Based On Multi-timeframe Analysis

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
VladimirRibakov Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Trend Lines Multiple Time Frame Analysis AUDJPY buy Bullish Patterns bullishtrendpattern Trend Line Break bullishconvergence
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trendanalysis trendline mtfa audjpy buy bullish bullishtrendpattern trendlinebreak bullishconvergence
D1 - Bullish trend pattern followed by double wave correction.

Bullish convergence. Most recent downtrend line breakout.

H4 - Currently it looks like a correction is happening in the form of a double wave down.

Until the daily downtrend line breakout holds my view remains bullish here.

A valid breakout above the most recent downtrend line would validate this bullish view.
Comment:
A valid breakout above the most recent downtrend line happened as expected and the price moved higher further providing a fantastic move to the upside!
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