Following the huge pump which has got many crypto bulls excited we can see a head and shoulder pattern on the hourly and 4 hourly chart.
If we use the rules of the head and shoulder pattern and take the measurement from the top of the head down to the neck line, this is technically the downwards target we will see once the price breaks the neck line.
I have...
JPY charts have been on the move again. Looking at the AUD/JPY chart there is a clear defined bull flag on the 4 hourly chart.
But if we zoom out we can see that the overall trend is within this ascending wedge pattern (daily chart),with possible 3rd touch point to the upside likely in the coming days/weeks.
I will be looking for long positions on the lower...
You can see a lovely descending channel on the daily chart which is showing a corrective daily structure after a significant impulsive move to the upside. (bullish)
Also within this pattern we see a descending bull flag on the 4 hour time frame.
Lastly a 15 min or 1 hour time frame bull flag where I have executed my trade.
This is going to break to the upside...
