AUDJPY Revised. Long opportunity.

4 במאי 2018

I posted a sell on this pair not so long ago, and it struggled to break out of the corrective structure, that I ended up going on the the lower timerframes to see whats going on. And it caused me to revise it and change my order from short to long. Price is clearly being rejected on the ascending trend line, it is finding a lot of buyers at the trend line. Also, we can see a possible Inverse Head and Shoulders. First targets will be at the 1.272 extension and second target at the 1.618 extension.