Charlieab94
Long

AUDJPY Long Trade *INTRADAY TREND*

FX:AUDJPY   Australian Dollar / Japanese Yen
I am looking to go long on AUDJPY on the next higher low and bounce off the lower trendline which is now bullish .

I have used the black arrows to show that the last 2 lows were in fact higher lows showing a potential shift in direction. This coincides with some nice deceleration on this FX pair after the recent very bearish run.

Another important confluence to this trade having a good probability of being a winner is the last high was a higher high. Price seems to have broken its wedge pattern so the next higher low and my entry could lead to a nice breakout.

R:R ratio and SL positioning is all on the chart.
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