Dollar Australia / Yen Jepang
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AUDJPY - REVERSE H&S LONG

180
AUDJPY has created a reverse H&S pattern on the daily time frame with higher high for the neckline - which is ideal for a bullish reversal pattern. The neckline was tested recently and price got rejected to the upside. Notice how price also retraced to the 61.8 % fibo based on the last impulse. Buy on break of channel and retest of nearest support level on lower time frame.

Catatan
Price broke the channel as expected. Looking for it to retest before entering buy.
Catatan
Very close for a retracement.
Catatan
Almost 800 pips gained from this analysis. Wow!

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