Long buy structure
Potential entry level : 120.550 - 120.300
TP1 : 121.400
TP2 : 122.100
TP3 : 122.900
Stop loss : 119.650
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So...
The price is currently within a descending trendline where I'm expecting an upside breakout.
It is also in consolidation within clear Support and Resistance levels, with the potential target being around the resistance zone.
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AUDJPY LONG After a bullish engulfing pattern.
The bullish engulfing bar pattern tells us that the market is no longer
under control of sellers, and buyers will take control of the market.
When a bullish engulfing candle forms in the context of an uptrend, it
indicates a continuation signal.
When a bullish engulfing candle forms at the end of a downtrend,...
AUDJPY goes long after a morning star pattern.
The morning star pattern is considered as a bullish reversal pattern, it
often occurs at the bottom of a downtrend and it consists of three
-The first candlestick is bearish which indicates that sellers are still in
charge of the market.
-The second candle is a small one which represents that sellers...