AUDJPY has been trading within a large range, repeatedly reacting from both its upper and lower boundaries.
After rejecting the range resistance around 114.75–115.00, price has moved sharply lower and is now approaching the lower bound of the range around 109.00.
This support area has already triggered strong bullish reactions in the past, making it an important zone to watch again.
As long as the lower bound of the range holds, we will be looking for buy setups and bullish confirmation for another move higher inside the range.
📌 Same range. Same levels. Same plan.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
After rejecting the range resistance around 114.75–115.00, price has moved sharply lower and is now approaching the lower bound of the range around 109.00.
This support area has already triggered strong bullish reactions in the past, making it an important zone to watch again.
As long as the lower bound of the range holds, we will be looking for buy setups and bullish confirmation for another move higher inside the range.
📌 Same range. Same levels. Same plan.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trade closed: target reached
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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.