AUDJPY
HELLO TRADERS I AM KELACHI FROM NIGERIA, I HOPE YOU BENEFIT FROM THIS ANALYSIS. NOTE THAT MARKET IS REACTIVE AND NOT PREDICTIVE.
AUDJPY COMPLETED A HEAD AND SHOULDER PATTERN. A DOUBLE BOTTOM PATTERN HAS EMERGED AND IT INDICATES A TREND REVERSAL, IN OTHER WORDS WE WILL BE LOOKING TO TAKE A LONG POSITION.
PRICE IS CURRENTLY AT THE NECKLINE ACTING AS A RESISTANCE ZONE, IF IT BREAKS A LONG POSITION CAN BE INITIATED.
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