AUDJPY Buy Idea Based On Multi-timeframe Analysis
D1 - Bullish trend pattern followed by double wave correction.
Bullish convergence. Most recent downtrend line breakout.
H4 - Currently it looks like a correction is happening in the form of a double wave down.
Until the daily downtrend line breakout holds my view remains bullish here.
A valid breakout above the most recent downtrend line would validate this bullish view.
Bullish convergence. Most recent downtrend line breakout.
H4 - Currently it looks like a correction is happening in the form of a double wave down.
Until the daily downtrend line breakout holds my view remains bullish here.
A valid breakout above the most recent downtrend line would validate this bullish view.
Kommentar:
A valid breakout above the most recent downtrend line happened as expected and the price moved higher further providing a fantastic move to the upside!