AUDJPY: Bulls Breaking Levels!
Daily Timeframe: Reading the daily chart above we can see that price is creating new highs and lows and closing bullish. With this type of momentum, we want to be trading in line with the market!
4hr Timeframe: Scaling down we can see price is on an uptrend and testing strong areas of support in confluence with the trend line. If price holds above this zone, we can see price push up to 78.750 key psychological. Until price violates this trend line, we will be looking for longs. Due to the uncertainty of market of fluidity, risk management is highly recommended.
4hr Timeframe: Scaling down we can see price is on an uptrend and testing strong areas of support in confluence with the trend line. If price holds above this zone, we can see price push up to 78.750 key psychological. Until price violates this trend line, we will be looking for longs. Due to the uncertainty of market of fluidity, risk management is highly recommended.