Potential Long opprotunity

13 בינו׳ 2021

AUDJPY weekly and daily Timeframes are showing strong buy pressure and is looking to complete a head & shoulders pattern on the weekly. Price is nearing TP 1 level (81.400) on the daily fib as it respected the .618 and .50. Price is currently ranging 60 pips between 80.750 and 80.150. 80.150 is showing to be a strong support. For potential swings I would need price to close bullish over 80.750 on the daily and hold and my potential overall price target would be 83.500-84.000. If price trades around 81.000 I will be extremely bullish. If price trades under 80.150 than i believe it will pullback to 79.500.Price may be looking to make a huge move once it breaks this range.