AUDJPY LONG Breakout

15 Sep 2017

Currently in a pitchfork formation on the 1D timeline. Just bounced off the centreline with some pace off the back of North Korea news. On the 4H chart we can see that the 1.618 Fib extnesion falls in line with that 2016 high which will be my target, just inside of the upper trend line of the pitchfork. Other indicators on the 4H chart shows the 5EMA has just cross over the 12 EMA, with a PSAR below showing a strong buying signal.