AUDJPY Looking Bullish from this point on

9 พ.ย. 2020

Hi traders:

My previous outlook on AUDJPY for last few weeks have been bearish thus far.

However, recent price action development on HTF and LTF had me re-analyzing the overall market structure differently.

Start with HTF, instead of a bearish ascending channel to push price down, we then see price start to develop in a bullish channel structure, then LTF strong impulse up.

This can be the first sign of the next HTF bullish run, and getting in from the beginning of the run would be great risk/reward

Wait for LTF correction to form before entering any buy positions

Thank you

9 พ.ย. 2020

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HTF: