Get started
MoodandMarkets

Long up trend is about to begin

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
MoodandMarkets Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis extendedthird correctionwave
4
0
trendanalysis chartpattern waveanalysis extendedthird correctionwave
I expect the AUDJPY will break out of the channel up, and then the rising trend will accelerate in third of the third wave.
After the price goes through wave B I will be strengthened in this idea.

Now the 64.85 could be the Stop level, but if you would wait for the breaks for more probability then the next higher high could be the stop level.
Comment:
Here are the break outs. Wothout long position I should wait for another sideways correction.

snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.