AUDJPY: DOWNWARD CORRECTION BEFORE BREAK UP GIVING US 1450 PIPS!
Hi
This pair is in a corrective phase of trend completion and reversal figure S-H-S.
If the right shoulder forms a symmetry with the left shoulder then we will have a more than probable bullish turn, it would be 38.2% fibo.
If not, then it could go get the spin on bottom brackets.
The bullish breakout level is at approximately 76,700, we will be watching that level with confirmation candles to open a long trade and get those coveted 1450 pips.
Cheers!
This pair is in a corrective phase of trend completion and reversal figure S-H-S.
If the right shoulder forms a symmetry with the left shoulder then we will have a more than probable bullish turn, it would be 38.2% fibo.
If not, then it could go get the spin on bottom brackets.
The bullish breakout level is at approximately 76,700, we will be watching that level with confirmation candles to open a long trade and get those coveted 1450 pips.
Cheers!