AUDJPY: Long at broken resistance retest #forex
Just bought AUDJPY on a retest of the prior broken resistance.
1) Short term trend is up(higher highs and higher lows)
2) The price formed a hammer candle on the retest of broken resistance
3) Broken resistance might act as a new support
thus i bought on the latest dip. Should be a quick one ahead of RBA meeting minutes. If the trade remains active i will close it manually ahead of the RBA minutes.
Best Regards,
Technician
1) Short term trend is up(higher highs and higher lows)
2) The price formed a hammer candle on the retest of broken resistance
3) Broken resistance might act as a new support
thus i bought on the latest dip. Should be a quick one ahead of RBA meeting minutes. If the trade remains active i will close it manually ahead of the RBA minutes.
Best Regards,
Technician
Trade closed: target reached:
Australia news coming in few hours, thus i closed my trade at 79.20 for +20 pips.