AUDJPY Long and Short Setups

See callout bubbles. Take your pick. Jump into the current uptrend, or wait to go Short up ahead? I'm calling this Long only because the current price trend is leaning that way, but here are two setups to play either way. The area with sellers lines up nicely with higher time frame selling zones. The area with buyers is going with the current trend.

Always measure your risk and be okay with being wrong ; )

Comment:

Price definitely dipped down, but not far enough for our entry. The selling opportunity above current price looks pretty promising, so let's just wait patiently for entry and see if we get any downward movement from the level.

Always measure your risk and be okay with being wrong ; )

(Also, in this case, be okay with not meeting the entry. There's always another trade...!)

Trade active:

Price came right into our level and has since seem some movement down/sideways. Let's keep our stop right where it is and just see if sellers can keep the price away from our level.

T1 @ 86.080
T2 @ Flexbible

Trade closed manually:

Demand for AUDJPY has formed at around 86.00 so this trade was closed manually for profit.