The AUDJPY currency pair is testing a support line.
A long tail break (closing on or above the support line) would still be a bullish sign.
Anywhere, here's a recent 1hr chart snip.
This is a good place to look for a trade. Good luck.
NOTE: See the previous post... it shows the support line valid since November 1st.
UPDATE: Upon waking this morning I see my take profit was hit and I managed to add 2% to my NAV while sleeping. Honestly, this is quite rare, but a good trendline (one that has been and does get honored again) gives you a well defined opportunity.
See how the violations are "tailed" and the line provides support? I got in at 83.21 at 12:38am and took profit at 83.70 at 5:35am. If I had of been awake I probably would have been nervous during the second testing after 3:00am.
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