February 4, 2020 AUDJPY trend reversal!?
Hello, doctor!
Since February began, I couldn't find currency pairs that looked tradable, and I almost dozed off, but the market has changed!!!
Hmmm! A bullish candle appears that may become a trigger to break the small range that had been continuing in AUDJPY.
Until now, a downtrend had continued, but it seems to be in a brief pause, and the large real-body bullish candle from the policy rate announcement might be a sign of a trend change.
When you zoom out the chart, if you can judge a trend reversal here, there may be more than 200 pips of upside room, allowing you to fight in an uptrend!
So, in early February, AUDJPY is the focus!
It's not yet at a tradable stage, so I will carefully observe whether the market truly shifts into an uptrend, and I plan to execute buy orders on pullbacks once I see the pullback.