AUDJPY SIMPLIFIED ↗️📈
Be mindful of how this pair moves. Well, this is how the market price generally moves. It prints out impulsive legs and correctional patterns. Once you develop an eye for patterns you start becoming aware of how the price behaves.
Pause, look attentively at how this pair has been moving on a bigger picture. Can you see what I have tried to get you to see?Now, let's focus on the market current structure; we have a recent purple trendline that has been tested 3 times. The price is currently reacting from that very third touch. On the other hand we have a golden descending correctional structure signaling the commencement of a continuation to the upside. Keep in mind that the price has already broken out of this correctional descending structure.
Now we can take our buys from our personally preferred small timeframes and have the green rectangle (see chart) as our first target and the red rectangle as our second target.
Stay safe, stay calm, if it doesn't playout move to the next one.↗️📈
Pause, look attentively at how this pair has been moving on a bigger picture. Can you see what I have tried to get you to see?Now, let's focus on the market current structure; we have a recent purple trendline that has been tested 3 times. The price is currently reacting from that very third touch. On the other hand we have a golden descending correctional structure signaling the commencement of a continuation to the upside. Keep in mind that the price has already broken out of this correctional descending structure.
Now we can take our buys from our personally preferred small timeframes and have the green rectangle (see chart) as our first target and the red rectangle as our second target.
Stay safe, stay calm, if it doesn't playout move to the next one.↗️📈
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