AUDJPY Bullish Persuasion Round 2

25 Tem 2022

On my previous AUDJPY analysis, unfortunately I got wicked out, however, I remained patient and another setup arise. This bullish Bat indicates price has reached a significant turning point from the pullback it's done since price can't go one direction forever and needs to breathe. Internal strength on a lower time frame has also confirmed this a significant turning point as it coordinated with the completion of the pattern. My only concern is price may have another attempt to the low, possibly with critical number, as price is changing character and may require just a little more time before reversing and continuing with the predominate trend.

23 Mar 2023

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