AUDJPY - DAILY - AGGRESSIVE HEAD & SHOULDERS

You'll be able to see it more clearly on the weekly timeframe but the AUDJPY is about 2/3 complete a head & shoulders bottom pattern with price currently working on creating the right shoulder. Inside of that move price has created a small pattern formation which allows me to predict that we could see a continuation lower which would ultimately give us the symmetrical right shoulder that we are looking for.

If this move were to complete it can be taken as a bullish CTS type trade in it's own right and/or be used as an aggressive right shoulder entry for the bigger head and shoulders bottom pattern.

For a video breakdown of this trading idea please see my YouTube video titled "Technical Analysis on Forex, Commodities & Indices" starting at the 19:05 mark

I hope you guys have a great weekend a HAPPY FATHER'S DAY to all fo my fellow trading dads out there.

Your Trading Coach - Akil