AUDJPY- LONG - STOP/ENTRY/TP

LOOKING FOR THE ENTRY TO DEVELOP AND THEN GETTING INTO TRADE.

LOOKING FOR THE PULL BACK ON THE 1 HOUR DOWN TO THE .382 FOB RETRACE.

IF THE BOUNCE OCCURS FROM THIS LEVEL. UP TREND ON AUDJPY STILL INTACT AND (TP) REACHABLE.

THE CONCERN IS THE PA BELOW THE 50 EMA LOOKING AT THE PULL BACK TO FORM A WEDGE WITH A BREAK OUT HIGHER.

IDEALLY - A DOUBLE BOTTOM AT THE .382 LEVEL SIGNALLING THE TURN UPWARDS AGAIN WOULD BE WHAT IM LOOKING FOR.

2% POSSIBLE CONSERVATIVELY.