Optimum369

20 REASON FOR LONG AUD JPY

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: Bear at bottom consolidation since 32 years
Monthly: After Feb of 2009 monthly time frame is in the total consolidation range bond, and the price also breaches the previous high OB
weekly: from march 2020 in a weekly time frame, a clear Bull run is started and also fill out the previous low OB and also makes some buy signals


1 Structure analysis time frame: Daily after a deep retracement and without breach protected low now price is sideways, but the bull is more substantial, so we always seek long entry
2 target time frame: Weekly
3 Current Move: sideways
4 Entry Time Frame: h4
4.1 Entry TF Structure: Narrow this time
4.2 entry move: Narrow
5 Support resistance base: Trend line
6 FIB:
7-candle Pattern: Narrow range
8 Chart Pattern: Triangle
9 Volume: Increase day-by-day total volume supports from march 2022
10 Momentum UNCONVENTIONAL Rsi: Sideways between 40/60
11 Volatility measure Bollinger bands: Tight squeeze
12-strength ADX: Sideways
13 Sentiment ROC: Japanese yen is the weakest currency in the majors
14 final comments: the bull is strong. Seek long entries only
15: decision: buy at trend line breakout
16 Entry: 94.223
17 Stop losel: 93.630
18 Take profit: 9990
19 Risk to reward Ratio: 1:11
Excepted Duration: 30 days

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