AUDJPY NOT BROKEN OUT - Long Potential
Hey everyone! Just making a quick post as I have noticed a significant amount of ideas saying that audjpy has broken out to the downside. But, have they considered all possible lines of support? No.
2 Key things here:
Firstly, If we reconnect the support after the lowest spike, we find ourselves having a nice support, which audjpy has not yet reached.
Secondly, there is a horizontal support that audjpy has not reached yet, where buyers would be present. So it can be expected that there "may" be a bounce.
My eyes are open to see on a lower time frame if there can be an entry at either of these supports. Good luck trading everyone. Make your own decisions!
2 Key things here:
Firstly, If we reconnect the support after the lowest spike, we find ourselves having a nice support, which audjpy has not yet reached.
Secondly, there is a horizontal support that audjpy has not reached yet, where buyers would be present. So it can be expected that there "may" be a bounce.
My eyes are open to see on a lower time frame if there can be an entry at either of these supports. Good luck trading everyone. Make your own decisions!
Trade active:
Let's Buy it here - small risk - big potential
Trade closed manually:
Looks short