AUDJPY poised for a big bull run

AJ looking very bullish as we approach the Multi-year descending channel.

We have fractal Inverse Head and Shoulders on multiple time frames, I will post those below in the comments.

I'm expecting a break and then a retest of the channel and the neckline, then it's off to the races.

If we break the neckline this idea is invalid and we will look too short. Probability is on the bull side with the multi time frame confluence.

Commentaire:

4hour Fractal Inverse Head and Shoulders

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1Hour Fractal Inverse Head and Shoulders

Blue line is the 4h IH&S neckline, orange is the 1H neckline

Commentaire:

First Resistance line hit, will we turn around and retest the descending channel or continue higher? Stay Tuned!