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4H Charts shows multiple continuation patterns. The a-d-i indicator is low and the Moving averages are still headed north. A breach of the lower trend line could indicate a reversal, but that has not happened yet. Price will pull back allowing bullish entry.
The bearish profit target was hit, a pin bar formed. Still waiting for bullish confirmation, but a tight stop would be feasible. Could enter and ride back up to resistance.
Stop: slightly below pin bar, or 30 Pips below entry.
1st Take Profit: 86.510
2nd Take Profit: 86.990
AUDJPY appears to be forming a bearish setup. Earning are in a couple of days which may tip the scale and send the pair sliding downward. It may have additional upward momentum before heading down, but it is hard to tell. I would suspect buyers would continue to jump in since the forecast/expectations are high. Over the next few days, after the 8th, if things go...
AUD has rallied and if a nice pull back occurs, it could be heading north. I would suspect a pull back to retest the previous support. Would make a good bullish entry if it decided to retest and continue to move higher.