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CUP O' THE MORNING! - AJ
Australian Dollar / Japanese Yen
Long
CUP O' THE MORNING! - AJ
By Novi_Fibonacci
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Nov 13, 2023
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Nov 13, 2023
Here is AUD/JPY on the 30 Min Chart in what looks to be a VERY convincing Cup and Handle Pattern starting to form!
I expect price will finish the "Cup" @ 97.007
-THEN-
Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern!
Fundamentally:
AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and Unemployment Rate (Wed)
JPY -> "Clear News Week"
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
AUDJPY
Bullish Patterns
Cup And Handle
Forex
Fundamental Analysis
patterns
reversal
Support and Resistance
Technical Analysis
Novi_Fibonacci
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