we have a potential head and shoulders pattern formation on AUDJPY. 72.5 structure resistance is on focus, if bulls break and close above this level, for us I will be a perfect signal to open long trade.
when the chart is too easy to read, better to stay tuned, and yes, trade on breakout is good idea
Smokar1
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Smokar1
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@Smokar1, another convermation of bullish bias . just waiting for closer above the double tops then make the trade active
Smokar1
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i also have the same idea . its also a bullish bias because the price respected the area b\w 70.955 & 70.656 so many times in weakly time frame . plus if the price closes below the LL then we will expect a price collapse