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MarcuDan MarcuDan AUDJPY, 240, Long ,
AUDJPY: AUD/JPY, Long setup, Downtrend Channel breakout
40 0 4
AUDJPY, 240 Long
AUD/JPY, Long setup, Downtrend Channel breakout

AUD/JPY has been in a downtrend on the 4H chart for the last 3 weeks, the down channel being a corrective structure of a bigger uptrend. Now we are looking on the price breaking out of the channel, suggesting a changing in forces on the market towards bulls side. Long positions will be initiated if the price re-tests the downtrend channel or broken support ...

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