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AUDJPY - REVERSE H&S LONG

AUDJPY has created a reverse H&S pattern on the daily time frame with higher high for the neckline - which is ideal for a bullish reversal pattern. The neckline was tested recently and price got rejected to the upside. Notice how price also retraced to the 61.8 % fibo based on the last impulse. Buy on break of channel and retest of nearest support level on lower time frame.

Nota
Price broke the channel as expected. Looking for it to retest before entering buy.
Nota
Very close for a retracement.
Nota
Almost 800 pips gained from this analysis. Wow!
UnknownUnicorn20140090
AUDJPYChart PatternsLONGreverseheadandshouldersTrend AnalysisWave Analysis
UnknownUnicorn20140090

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