AUDJPY possible new long opportunities to be presented soon
As I have explained on the previous posts when analyzing JPY pairs, many of them are showing signs of reversal, market shifts to bullish. Although many of them are very very similar, to my personal opinion the ones that can provide better opportunities are EJ and AJ. Reason being is because of how good they usually trend. CHFJPY remains the strongest among all without changing the bullish structure.
If you analyze the chart, we can see how AJ managed to complete a 3 bearish drive pattern and usually on the 4th drive, it is failing to break the previous low which usually means that marked could start shifting soon. If it does, then long opportunities could be taken with proper entry and risk management.
If you analyze the chart, we can see how AJ managed to complete a 3 bearish drive pattern and usually on the 4th drive, it is failing to break the previous low which usually means that marked could start shifting soon. If it does, then long opportunities could be taken with proper entry and risk management.