MIDAS TECHNICAL ANALYSIS WITH DCS-R FOR MARCH 8TH $AUD/JPY

An opportunity spotted on the Australian Dollar/Japanese Yen through the DCS-Report. Looking at the order flow we can see that the market have made an impulse or wave/leg 1 to the upside after being contained within the Foothill pattern. A MIDAS support channel have been launched from the initial take-off and are currently awaiting to be tested for further gains to the upside.

Note: The chart loaded a bit "low", you can hold and drag your mouse on the chart to adjust it for better view.

This is the same setup as on $NZD/JPY as these two pairs are in correlation with one another.