AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024.
*ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair.
*Trade can be taken with bearish confirmation on 4hr and 1hr confirmation .
Things i look on markets are Market structure SWING IBOS - Break of structure and change of pair character Fractal structure to trade on 4hr and 1hr