AUDJPY (1D): PA at Resistance of Parallel Channel

AUDJPY
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Price action at 38% Fibo levels
- Price action at resistance line of parallel channel
- Stochastic Overbought momentum (D1, H4 & H1)

However, do note that this is a short-term trade idea.

Suggested Trade:
Entry @ Area of Interest 82.30 - 83.00
SL: 83.67
TP: 80.89
RR: Approx. 2.02 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Trade closed manually:

Will reassess first before moving again. Gain +85 pips