Dollar Australia / Yen JepangPembelian
AUDJPY Long
AUDJPY trying to form a bottom with what looks to be an inverse head and shoulders pattern. Location on the higher timeframes, daily and weekly, look good. This would be considered a counter trade trade because daily is down. Because of the riskier nature of counter trend trades, confirmation is best. Seeing price rally out of the area would be a good sign for confirmation, a close above would be even stronger.
Check out my relative strength analysis I post everyday on twitter @WhosTrend
Check out my relative strength analysis I post everyday on twitter @WhosTrend
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