The AUDJPY chart below clearly shows a bullish harmonic pattern (Light Blue) with a bullish divergence pattern (Red) terminating in a demand zone (Gray) signalling that the pair could reverse higher. I posted the chart below on social media @AidanFX on February 14 2025 and currently waiting for price to move lower to tap the demand zone (Green) where I expect the pair to find bulls/buyers to push price higher. For now wait for price to tap zone and BUY when see a signs of reversal higher with stop loss below the point D of the pattern.
AUDJPY Daily Chart February 14 2025
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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