AUD\JPY

Yes seems on daily candle this pair having tendencies to make bearish pattern, we can look few candle already appear bear candle with bearish pattern, but might will better open on bounce price or on the roof area on hourly timeframe
 
It looks like the currency pair decided to keep going up. It's still a bear trend, but the indicator is showing the chance of opening an order to buy, which is what I'll do.
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Carlll said:
It looks like the currency pair decided to keep going up. It's still a bear trend, but the indicator is showing the chance of opening an order to buy, which is what I'll do.
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Good try :)
There was a bear trend during Asian session but it was not a strong one. Now the pair is going through congestion (correction). I would not encourage anyone to trade that pair now. Euro and GBP all going through congestion now.
 
Indeed if look long term moving average trend on bearish, but look on daily pattern already start to reverse bullish but seems still on slow motion and still possible to rebound and move on ranging previous daily
 
victorycountry said:
So which way? Looks to me, it's developing a clear and strong uptrend. But at this time, it's going through non-dominant trend in the uptrend.
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Bearish Yen. Now that Trump won the way to go for the next 1-3 weeks looks like GBPUSD buy though. Nikkei got crushed on Trump victory though, I would count that as a pervasive bearish signal on Nikkei. How will the JPY fare against conservative US? I think bearish.
 
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