AUD.JPY - Long Opportunity

FX:AUDJPY   Australischer Dollar/Japanischer Yen
Currency Pair: AUD.JPY
Time Frame: Daily
Predicted Direction: Long

Additional Information:
A daily candle close is required prior to any pending order placement.

Live AUD.JPY updates will be available in the comments section below.
Kommentar: A perfect bounce and retest of 86.00
I will be awaiting either a reversal or a break of 86.00 to confirm next move.
i agree with tom on this one i see a little pullback to further go to the upside
TomHall forexedd
@forexedd, We will have to re-evaluate next week to give us more confirmation.
Have a good weekend.
I think this is in a downtrend ,why you're thinking to long ;
TomHall Ismail-T
The market can be in a long term downtrend but markets have to consolidate which is what i am looking for.
+1 Antworten
@TomHall, hey tom do you mind telling me what made you think that the market would consolidate before before continuing its downtrend thanks.
TomHall Markovnikov
@Markovnikov, Hi,

All markets impulse and consolidate on all timeframes, its identifying when that many find the greatest difficulty.
@TomHall, I completely agree, was there an indicator of some sort that helped you say now is probably a time of consolidation before the downtrend continues?
@TomHall, never mind,i think you answered my question on your graph lol
TomHall Markovnikov
@Markovnikov, lol no problem :-)
Ismail-T TomHall
@TomHall, You cannot guarantee the consolidation
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