This is a potential long on the AUDJPY
. Price has broken out of a fairly significant channel as shown on the weekly and daily. Price is now testing the outer channel as support. On the H4 you can see that there was fairly good bullish
candle off that level and now price is making a small consolidation (as shown by the grey box on the 4 hour). Sometimes these nested consolidations can be quite powerful. I may look to enter on bullish
momentum if price breaks out of this box to the upside.