AUDJPY – Buy action might continue higher withouth much rest
Trend: Buy/ Neutral
Support/Resistance:
R2: 74.122
R1: 74.727
S1: 74.404
S2: 74.035
Price action:
This trade is still showing buyers momentum inside buyers era. The problem and slowing movement cause last sellers retracement which was retested for 100%. Buyers might be still confident to last higher high if sellers will not cause problems at level 74.404. If buyers have enough strenght, then we can see all targets.
Potencial trade idea:
Bears targets:
T1: 74.727
T2: 74.122
NOTE – We are trading AUDJPY via the preferred trading setups by EliteFxAcademy
Support/Resistance:
R2: 74.122
R1: 74.727
S1: 74.404
S2: 74.035
Price action:
This trade is still showing buyers momentum inside buyers era. The problem and slowing movement cause last sellers retracement which was retested for 100%. Buyers might be still confident to last higher high if sellers will not cause problems at level 74.404. If buyers have enough strenght, then we can see all targets.
Potencial trade idea:
Bears targets:
T1: 74.727
T2: 74.122
NOTE – We are trading AUDJPY via the preferred trading setups by EliteFxAcademy
Comment:
Buyers are on their potenial Elite way