AUDJPY - REVERSE H&S LONG

27 ส.ค. 2021

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.

2 ก.ย. 2021

บันทึก

Price broke the channel as expected. Looking for it to retest before entering buy.

3 ก.ย. 2021

บันทึก

Very close for a retracement.

29 ต.ค. 2021

บันทึก

Almost 800 pips gained from this analysis. Wow!