AUDJPY on the 30-minute chart has had higher lows but also lower highs and may have
a symmetrical triangle pattern. Price is currently at or above the following :
(1) the POC line of the long-term volume profile (2) the mean line of the long-term anchored
VWAP (blue line ) and the convergence of the EMA 200 ( red) and EMA 21 ( green). On the
stochastic RSI the lines are moving upward from a bottom well below 20 and suggest bullish
divergence. Given these confluences, I conclude that AUDJPY is set up to move higher over
the intermediate term.
a symmetrical triangle pattern. Price is currently at or above the following :
(1) the POC line of the long-term volume profile (2) the mean line of the long-term anchored
VWAP (blue line ) and the convergence of the EMA 200 ( red) and EMA 21 ( green). On the
stochastic RSI the lines are moving upward from a bottom well below 20 and suggest bullish
divergence. Given these confluences, I conclude that AUDJPY is set up to move higher over
the intermediate term.
Trade active:
AUDJPY had a nice 0.7% price rise today- far better leveraged on forex. Open position for tomorrow.
Trade active:
Price reaching for 92. Buy another lot.