Carl_G

AUD/JPY: 1:2 Risk to Reward Opportunity

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUD/JPY is about to reach the supply zone @ 78.5 which is lining up with the MIDAS R1 Curve (launched from 2016-07-15).

Looking on the smaller time frame there is a TD 9 Price Flip on the 4 hour and a TD 13 Countdown on the 1 hour (TD-Combo)
- increasing the odds of a reversal.

Further odds enhancer is found in momentum, which is currently in the progress of making a bearish divergence.


MIDAS Trading Tools for MT4 is available to download @ MQL5.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.