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makuchaku

AUDJPY : Bullish trade setup

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
makuchaku Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Multiple Time Frame Analysis AUDJPY orderblocks mitigation mitigationsetup tradeidea tradesetup
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mtfa audjpy orderblocks mitigation mitigationsetup tradeidea tradesetup
M & W charts for AUDJPY are bullish.
Daily chart just rejected from a Daily bullish Order block and created a 4H mitigation in the process.

Trade idea - as price comes back to the 4H mitigation block, watch for any form of price rejection and then trade along.

Confluences for the 4H mitigation+ block
- in 50% discount area for the range
- 4H mitigation+ is inside 1D OB+
- Has clear upside liquidity targets
Comment:
Monthly chart
snapshot
Comment:
Monthly + Weekly chart
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Comment:
Monthly + Weekly + Daily chart
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Comment:
Detailed Daily + 4H chart
snapshot
Trade active:
Trade is active
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Trade closed: target reached:
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