AUDJPY Big Drop is Imminent
Updated
A nice pullback to the golden ratio. Daily candle close has shown a nice rejection of the 61.8 retracement (shooting star). TP is the -23 level which is also a monthly support level. SL is at the 78.6 level which is above the S/R zone. There is a market gap that hasn't been filled yet which is circled so if this happens then the SL should still be protected. Multiple confluence on other JPY pairs too. Volume also seems to be picking up.
Comment
Weekly view (parallel channel):Monthly view showing support zone:
Trade active
Comment
Nice candlestick pattern on 4H triggers entry:Trade closed: stop reached
-1
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