AUDJPY Macro Analysis & Long Term Predictions

Feb 24, 2018

AUDJPY

Combining Fibonacci analysis & macro trends. It is important to understand what is likely on higher timeframes to confirm your analysis on lower timeframes. Ultimately I trade the Daily & 4H most often confirming my ideas with Macro Analysis such as this and using 1H & 15M to confirm low risk entries on lower timeframes. Some traders could end up taking a Harmonic Pattern on lower timeframes, yet be oblivious to the actual opportunity presented - I am looking for long opportunities until we hit the 100 handle in this particular pair, specfically at the C leg of the potential Bat Pattern. Currently I am invloved in the smaller Gartley on the buy side, but expect a pullback before the next leg up.