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
Note
This is the daily View for this Pair. You can see a strong MACD Divergence and a Falling Wedge Pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.