I posted a AUD/JPY Analysis a few Days ago. The old Analysis got cancelled because the D Point broke the X Point, so in my Opinion the Pattern got cancelled. However now we have a great long Setup. This Pair tested the support zone at 76.05 abd broke the descending Trendline to the upside. I'll enter my long Position after a corrective Structure (Pullback) and a breakout on a lower Timeframe.
Trade safe, Daniel
Likes and comments are appreciated and would keep me motivated
Trade safe, Daniel
Likes and comments are appreciated and would keep me motivated
Komen:
This is the daily View for this Pair. You can see a strong MACD Divergence and a Falling Wedge Pattern.
