scw0008

AUDJPY accumulation for bullish run with weaking JPY

Long
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Every other currency pair with JPY has been running except AUDJPY. It seems to have formed a bull flag but also shows a falling wedge with sell zones that have been touched and now it has been sitting in a demand zone with indication of an accumulation of orders.

Entering Buy stop above this short term accumulation with stop right below for a long term entry as this can go up for months once it breaks the descending trend line. Stop will be held above BE and moved up with establishment of support.
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