LONG with confluence from a drop. Could be a relief?

Hi guys we got a long opportunity here on the AUDJPY as we could see a good reason for an outside return on this market (retracement/pullback) after a long time of market movement down.

Stops would be below the Cypher X point Structure or a good 1:1 RR from the entry butterfly price.
Target 1: 85.85
Target 2: 86.73

Yorum:

Take note that bullish divergence is also present.