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Stargazer_fx
Jul 6, 2020 8:34 AM

AUDJPY, above support/resistance level,Buy setup.... Long

Australian Dollar/Japanese YenFXCM

Description

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AUDJPY
The price is above key support/resistance level ,after a pullback If price continues to hold the Support then there is a chance that price might continue to grow,wait for the price to make a pullback and if price gives bullish signal and look for buy opportunity..


For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Comments
FXCM
thanks for sharing, this is what I see on AUDJPY, we could be seeing a retest of the resistance before the drop ,what do you think of this?
simtrader19a
Underground_trader
Thankyou for the analysis
Stargazer_fx
Share your Ideas & Thoughts here..
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