Snehath

AUDJPY - Should you long or short this pair?

FX:AUDJPY   Australian Dollar/Japanese Yen
The trend for AUDJPY             is still down. However we know that Harmonic patterns show strong reactions at confluence zones and I am very keen to see a reaction at the highlighted blue bat pattern . If there is a terminal bar here, I will be long with a minimal risk.

I will be aggressive in taking profit until it reaches the sell zone where I would be very comfortable to switch back to trading with the trend.
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