AUDJPY: Going For a Potential Bounce!

FX:AUDJPY   Australian Dollar / Japanese Yen
1357 17 16
*Update: Stopped out..

I just initiated a long, I was waiting for a confirmation for a long following last week hammer candle, unfortunately ui didn't get that confirmation on a lower price. So i just bought on a break and retest to a horizontal resistance at 96.80 area. Also the price has broken out and settled above the 200-days SMA . Lets see how this one goes..

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I think AUDJPY can continue down!

wave 3 and 4 are noise and I believe more in wave 4 is complete,
then it should fall further down towards the target of around 88,7xx.
nappenbir nappenbir
Technician nappenbir
My long was stopped out, but the hammer support is still intact. For me, a break below the hammer low is required to negate the bullish bounce scenario.. Good luck mate
nappenbir Technician
jangseohee nappenbir
it takes time.. be patient :-)
coondawg71 coondawg71

@Technician I've got next week and the following week measuring to be crucial. Heavy volatility expected.
This very well may be the next big "surprising" victim.
Stopped out
coondawg71 Technician
You may be right, just early. That is my number one mistake.
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