Planning Day for me. Here is my Plan for this pair next week.
AUDJPY
This has been a great Sell for three weeks but has just created a double low and maybe has bounced.
My plan for the last two week has been to Sell every Pullback on the H4 and perhaps Buy every wave against the trend on the M5.
The M5 currently has a strong upwards trend so on Monday, I will attempt to Buy a pull back to the 20EMA on the M5.
M5 trading should have no Bias and we just trade the trend till it ends. I use the 20EMA on all time frames H4 and lower,
the 10EMA on Daily and higher.
What you can't see on these charts is the current price is bouncing of a Weekly Resistance line from April 2017.
My guess is price will bounce back to the monthly line of November 2016 at around 84.32.
View attachment 983548
