AUDJPY - Long trade - Multiple reasons
Price has formed a complex pullback & arrived at a zone where :
Previous resistance that should turn support
It completed an AB=CD pattern
A fib cluster is present
It produced an inverse head and shoulders pattern
Targets set at previous structure high (but under the 86.5 handle) & secondary target is just below the 86.8 mark which comes into a structure level further up
Trade was published on private by mistake initially (see related links)
Previous resistance that should turn support
It completed an AB=CD pattern
A fib cluster is present
It produced an inverse head and shoulders pattern
Targets set at previous structure high (but under the 86.5 handle) & secondary target is just below the 86.8 mark which comes into a structure level further up
Trade was published on private by mistake initially (see related links)
Commento:
Commento:
Lots of divergence on the RSI at this point aswell