Time Frame: Daily
Predicted Direction: Long
A daily candle close is required prior to any pending order placement.
Live AUD.JPY updates will be available in the comments section below.
I will be awaiting either a reversal or a break of 86.00 to confirm next move.
Have a good weekend.
The market can be in a long term downtrend but markets have to consolidate which is what i am looking for.
All markets impulse and consolidate on all timeframes, its identifying when that many find the greatest difficulty.