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VladimirRibakov

AUDJPY Buy Idea Based On Multi-timeframe Analysis

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
VladimirRibakov Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Trend Lines Multiple Time Frame Analysis AUDJPY buy Bullish Patterns doublewave support Bullish Divergence bullishconvergence Trend Line Break
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trendanalysis trendline mtfa audjpy buy bullish doublewave support bullishdivergence bullishconvergence trendlinebreak
D1- After the bullish rally we had a correction in the form of double wave down.

Price is bouncing higher from a strong support zone formed by the 61.8% - 100% fibonacci expansion level of the first wave. Bullish divergence.

H4 - Bullish convergence.

If we get a valid breakout above the downtrend line we may then expect the price to continue higher further.
Comment:
The price action followed my analysis and moved higher as I expected it to providing a fantastic move to the upside!
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